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Updated over 10 years ago, 05/05/2014

User Stats

28
Posts
12
Votes
Scott N.
  • Renter
  • Denver, CO
12
Votes |
28
Posts

Rookie! South Florida for Now! West Coast Soon!

Scott N.
  • Renter
  • Denver, CO
Posted

Hi everyone!

My name is Scott, I've been reading on BiggerPockets.Com for probably two years now but have not yet posted anything; so today is, as they say, the first day of the rest of my life. I am currently in South Florida for the next few weeks, but will be re-locating to the Northwest this summer; not entirely sure what the final location will be, but I will update my profile when I'm there.

I've read the various posts by Josh Dorkin and others about the proper way to introduce one's self here, so my profile is filled out, I've uploaded an avatar (a temporary nice nature picture, until I can find a photo decent enough I'm willing to use for people to associate with me on here), included my location in the title, and now it's time to share a little bit about myself!

Let's see...

I am currently a commercial fisherman to pay the bills, but not at heart and not for long. I have been reading and studying many things in the past few years, mostly things that have taught me to look at money and time in a different way than most Americans. I have no desire to get a good job, do my part, and retire with a gold watch and a pension. I'm not foolish enough to even believe in those things anymore. I'm not even foolish enough to think that the "American Dream" is currently fueled by much more than easy credit and the next looming economic disaster to hit this great country.

I *am* smart enough to know that there are far better ways to put money in my pocket than to leave home for weeks/months at a time on a small boat with a bunch of smelly men and hope that we hit it big. While fishing provides me two things (a decent one-earner income, and good big chunks of time off, about 3-4 months of completely free time throughout the year), it also forces me to always trade a lot of my time for a small pile of money.

I don't want that. I don't want "piles of money." Not even a REALLY REALLY BIG pile of money. Cuz a pile will always get smaller and smaller and smaller and then run out.

I want a FREAKING RIVER OF MONEY, MAN!!!! I want to have money come flowing to me without me having to go trade my time for it.

So, naturally, the potentially infinite streams of revenue from real estate, constantly coming in, checks every month, are very appealing! (Yes, I know that REI is a job, at least until you are a fully automated big dog, and I know that I'll be starting off with tiny streams... but where do you think the Amazon and the Mississippi start? Look how they end!)

That is why I am choosing real estate to be my preferred vehicle to create the wealth that will give me and my family true freedom - not having to get up and go off to some job, no matter how well-paying. To be able to spend the time I want with my family, and provide a comfortable life for them. To be able to give generously and share my blessings with others. To provide decent, safe, comfortable housing for others who may not be able to purchase homes, but that doesn't mean they should live in some smelly rat-and-roach-trap.

So, I plan to use my off-time to start out by learning to wholesale, move into something like a rehab/flip or similar, and then upward into buy/hold/cashflow. The end goal is large multi-family and/or commercial, but all of this is still in the learning and dreaming stage, so I don't know all the details yet.

Okay, I think that one key to anyone actually reading something on here would be brevity, I'll try harder at that next time. If anyone is still reading, why thank you!

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