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Updated almost 10 years ago,

User Stats

43
Posts
29
Votes
Tom Cyr
  • Flipper/Rehabber
  • Grand Prairie, TX
29
Votes |
43
Posts

New to BP from DFW

Tom Cyr
  • Flipper/Rehabber
  • Grand Prairie, TX
Posted

I've been buying and selling real estate for more than 30 years without a loss.  Most of that time was as a sideline to my engineering job.  Since 2011, I have been a full time investor.  Since I invest my family's funds, which are limited, my goal is to always seek higher yields with calculated or lower risk.  Some say that what I achieve is too good to be true.    Last year I diversified some of the funds out of real estate now that it has become overvalued.

I found BP through a Google search of an under performing company I got involved with called Asset Ventures who does their best to modify delinquent second mortgages.  Bless their hearts though, they really struggle with getting positive results that experienced note investors achieve routinely.  

This looks like a terrific community of entrepreneurs.  I like Lance Edward's (apartment guru from Houston) distinction between entrepreneurs and investors.  He defines investing as putting our money to work.  Many in real estate "investing" don't have any money but put their knowledge to work and use other people's money to support the deal.  I didn't find that distinction all that helpful until I started to help true investors put their money to work in high yield projects.  

Real estate is unique in that one can create significant capital out of nothing but knowledge.  As long as the capital grown out of an equity creation exceeds ones living expenses, one can accumulate capital to later deploy in an "investment."  If the growth doesn't materialize though, all we've done is exchange one job for another.  

My goal is to compound my family's fortune and use the wealth to make a difference in the world spreading virtue and gospel values.   I also want to leverage my experience and connections to help other advanced investors who want to do the same with their riches.

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