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Updated about 10 years ago,
The most Violent Confrontation
Well,
You guys all likely made your resolutions for this new 2015 year. Not to dump a bucket of ice-cold water on you, but just to remind you newbies out there - it's a lot easier to get in than to stay in this game.
The second deal I did lost me $20,000 at a time when $20,000 might as well have been $20 mil. I almost quit, but I don't like to quit...
Then, a sub pulled a knife on me calling me an fing Jew. I almost quit, but I couldn't give the *** the satisfaction...
I am full-time in RE. I haven't had a gig outside of RE in 4 years. I've been knocked down many times and always got up, though it gets harder each time. I am fortunate that my wife supported "frugality" for many years. We drove junkers for 12 years. We didin't spend money on vacations and toys.
In 2014 I bought 2 new cars.One was to replace a minivan which literally fell apart - bought a nice Nissan Quest. The other car we really didn't need to buy - but Patrisha wanted to and we can afford it, so we bought a Maxima. My tenants are paying for both...
Guys - this is full-contact sport indeed. You WILL bleed. It's part of the game. RE is one of the only investment vehicles that allows a nobody to get in and learn and do and become somebody. You Must learn and you WILL hurt!
Are you ready? Will you stick around long enough to get over that hump? Why will you? Why won't you quit?
Best of luck to all of you. I plan to knock some stuff out of the park in 2015, and I wish all of you the same. The trick - when you fall, fall forward!
God Bless.