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Updated over 6 years ago,
SHARE: how far you've come (hint: You are further than you think)
When you are just starting out, its easy to think you aren’t doing enough, quick enough, to get the ball rolling. If you are a relative newbie to this (as my wife and I are), its easy to think you don’t have any valuable knowledge that you can pass along to others who are even greener than you. But its so important to realize how far you HAVE come.
What HAVE you done? I bet you’ve done something that someone else would find value in. And I guarantee that you are farther along than someone else who wishes they were where you are at this moment. So list it out! Then others reading might find something in your history and reach out to YOU with questions/opportunities that draw from your experience.
I’ll start.
- Two years ago, I began listening to REI podcasts (primarily Bigger Pockets) and reading at least one book per month on the topic (thank you Audible)
- One year ago, we signed up with Provision to begin to plan out our business strategy and set up an LLC
- Last August, I realized that the local Junior College has a pretty great Real Estate department. Signed up for the first class simply to educate myself
- Nine months ago we decided to invest in Turn Key properties in Indianapolis with the goal to close one at least one property by the end of 2017. We would be using the equity from our primary residence in the Bay Area that had accumulated equity thanks to the red hot market here. Put it to work via HELOC.
- Last December, we closed on our first two properties with days to spare before the end of the calendar year.
- This January, signed up for my second real estate class.
- This March, we closed on our third property in Indy
- Last month, we closed on our fourth.
- That fourth property is the last I will do that’s turnkey (for now). I want to OWN THE PROCESS.
- Going forward, my goal is to partner up with someone who has experience with multifamily deals, to buy opportunities, rehab, and enjoy the benefits of that ALL WHILE LEARNING to increase my own knowledge and skill set.
- Oh, and a bonus: With only one more class to go, I can test for a Real Estate License. That was never my goal (I have a pretty amazing W2 job at the moment) but I figure I will never be as ready for the exam as I will be when I finish this third class so WHY NOT.
- Another bonus: A few months ago, I implemented the Miracle Morning routine and I’ve NEVER BEEN MORE SATISFIED AND PRODUCTIVE. Things have accelerated BIG TIME.
- Another bonus: I'm now active in monthly REI meetings and that's paying off BIG TIME. Meeting amazing people with tons of experience, and enjoying coffee with new Bigger Pockets members almost on a weekly basis.
KEEP THIS TRAIN MOVING.
My point with this post is to simply point out that even when we think we aren’t accomplishing enough, its super beneficial to list it out and see for yourself what you HAVE done.
I can’t wait to read what you have been up to. PLEASE SHARE YOUR STORY.