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Updated over 4 years ago on . Most recent reply
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Hey newbies! Are you dragging your feet???
Hey new potential investors , are you dragging your feet on investing in real estate? I sure did and if I hadn’t who knows where I could have been.
At 21 years old I wanted to become a real estate investor. No kids, no bills, a ton of energy and plenty of time. So, in 1991 my wife and I looked at a 4-plex that had two of four units occupied and needed some rehab. It was offered to me for $500 down and a monthly payment for 20 years for $250 a month. Since all I had was the $500 in the bank I didn’t think it was the right time to do it so I moved on hoping that I would find the perfect deal.
flash forward to 2018. 2 kids in collage, one in high school and the same wife. I was a successful retail store manager and always a top performer but something was missing.
I read Wild at Heart by John Eldredge and in it was this quote:
”Deep in his heart, every man longs for a battle to fight, an adventure to live, and a beauty to rescue.” It resonated with me. I was missing the battle, the game, the adventure of life.
So with financial responsibilities, three kids, a full time job, and the energy of a slug in the hot sun, I became a real estate investor.
Over the last two years my wife and I have acquired 5 single family homes and one duplex with our sights set on acquiring a multi unit of 10+ in 2022.
Bottom line potential investors, i am a recovering foot dragger. Don’t take my path! Get in the game right away and make it happen!