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Updated about 4 years ago, 12/21/2020

User Stats

16
Posts
15
Votes
Justin Famulari
  • Rental Property Investor
  • Charleston, SC
15
Votes |
16
Posts

BiggerPockets has RUINED real estate!

Justin Famulari
  • Rental Property Investor
  • Charleston, SC
Posted

It’s time somebody comes out and says this and it mine as well be me. I’m a nice guy by nature, so I can’t just sit back and hold this in anymore. BiggerPockets has ruined real estate...for everyone not using it!

Ok, ok, so the title may have an ounce of ClickBait to it, but I don’t care, I just say it how it is. And how is it?

I consider myself a normal guy, albeit one that has always had a focus on obtaining more than what I was raised with. My parents did everything they could for my brother and I as kids. They couldn’t afford much, but what they could afford they did for my brother and I. They provided food, shelter, and love as well as they could; I was lucky to have such hard working, loving, parents.

I’m now 36 years old, a father, a husband, and an entrepreneur. I have spent the last 12 years working on growing a pizzeria company my brother, and friends from school, created back in 2008. It’s been working, the company has been growing, and finally has afforded me the first chance in my life to start saving money.

It was 2018 when I realized this for the first time. I deposited a check into the bank and happened to look at the bank receipt before I crumpled it up. It read $50,371...I blinked twice. “How could that be?” I thought to myself. I had been working hard, head down, for over a decade and didn’t realize that for the first time in my life my account had a significant amount of money in it; it actually snuck up on me, it was amazing.

The next move was obvious; It was time to spend it all.

I had always thought real estate was amazing. I actually bought my first house with my brother when I was 19 to help give my family somewhere to live while I went to college. Long story short, my brother and I lost that house sometime in 2010 (Deed in Lieu) after we couldn’t afford the payments while we focused on getting the pizza company off the ground. When I “found” the chunk of money in my bank account I figured it was time to get back into real estate, though. I searched the web, read a bunch of articles from anywhere I could find, and then like the rest of you found BiggerPockets. Through its resources I have gained more knowledge than I could have imagined. The podcasts have become a must for me; they continue to inspire with each and every one. The forums have answered countless questions I’ve had during my research. And the books have become my schooling, I have a stack on my nightstand that I read as much as I can.

The last 2 years have been good for me. I have managed to recycle that same $50k along the way into 5 successful BRRRR's and am now currently working on my first flip. Wow.

BiggerPockets hasn’t ruined real estate...it has given me the opportunity to fulfill my life goal of providing for my family, by creating passive income, so we can do what we want, when we want, how we want. We are not there yet, but with the help of the tools BiggerPockets provides, the path has never been more clear.

Real estate has the power to change lives, it has mine. Thanks to all who have contributed to BiggerPockets, and to all who have helped someone along the way! Please comment on how real estate has changed your life, your way of thinking, or simply why you love it so much! Thanks again BiggerPockets!!

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