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Updated over 15 years ago on . Most recent reply
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Forgot to introduce myself
I have been involved in several lively discussions on here, but I don't think I have introduced myself.
My name is Mike, my wife is Eva and we have six children, all but one is 18 or older now.
I bought my first real estate investment at the age of 19, and have bought and sold, made money, lost money, but have fun doing it.
I work as a Finance Director for a Non Profit company that runs a Head Start, Substance Abuse Recovery and Job Training Program, mostly for Native Americans. Eva is a nurse.
At one time, my father and I owned two Century 21 Franchises in Southern California, along with two escrow companies and a construction company.
Personally, Eva and I own three rental houses plus the house we live in. But last year, I started managing my parents estate which is currently 30 properties. I have already bought and sold three properties for them, in the past 12 months, improving their monthly cash flow each time.
The reason that I started reading Biggerpockets is that I need to be sharper with my parents investments, along with my own. I have always thought of my investment real estate of just adding a few extra bucks each month to our income, and then have the properties paid off when we retire. But I need to expand that thought into helping my parents make more money, now.
So I will debate, agree, counter and ask lots of questions. I am always willing to learn.
Thank you for all the advice so far!