Newbie in Austin, Texas area... 40 yr old Real Estate virgin.

Newbie in Austin, Texas area... 40 yr old Real Estate virgin.

Austin, TX · Member since 2017 · 30 posts · 26 votes

Bigger Pockets is feeding my obsession on Real Estate and I love it. That is the first thing you should know about me, my fixation. I will stop working for others and achieve financial freedom thru buy and hold investments. You want to know more? Then read on.

I am that guy that arrived in USA after leaving his country, namely Cuba, in a homemade raft. Even when I was in Guantanamo Bay I was grateful for a new beginning. I felt blessed and I honored that feeling in any way I could.

My experience in Real Estate is limited to living in a bunch of apartments and then owning a mobile home that was like an anchor in my life. Meanwhile another Cuban immigrant achieved economic freedom by buying duplexes in and around the 90s. We lost touch as it normally happens when the economic gap among friends keeps widening. However I learned a lot by watching him and those with an opinion of what he was doing. They would say “Oh he is doing drugs...” or “There is no way someone can have that kind of money.” We have a saying in Cuba, “Ignorance can kill a whole village” and I must say that everyone’s lack of knowledge kept them right where they were. What spurred my friend to take action and invest in real estate? Well, it was none other than a friend and mentor. But let’s not overlook his ability to be flexible, which is truly impressive for a man that was in his late 50s or early 60s. Also, anyone that old, growing up in Cuba for that many years, becomes a well train, unmatched, handyman with creativity and frugality pouring out of his ears.

Over the years, the more I looked for ways to break free of the daily grind that can be a normal ordinary American life, the more I found every job to be lacking something. I had worked in many jobs and professions. Finally one day I came to the conclusion that no workplace was ever going to make me happy. The constant uncertainty and politics of the workplace, the long hours and inadequate pay added to the realization that I was a slave of other’s rules, guidelines and a pawn on someone else’s chess board. Don’t get me wrong, I don’t want to be the white king or the black king; I just want to step out of the board and play a different kind of game. So here I am, learning all the rules to not just play, but play well.

Am I open to more than buy and holds? You bet your *** I am. So, let’s play Monopoly.

Thank you for reading and I apologize for any grammatical errors I might have done. I mean no disrespect to the English language. My editor, partner, girlfriend and future wife is not here. She is currently at work. And I am heading to work myself right now. Don’t worry; I plan on changing all that soon. I have learned a lot playing Chess, like patience and that knowledge is power.

1Reply
19 views

Investor-friendly agents in Austin, TX

See the agents BiggerPockets members work with in Austin, TX.

Most Popular Reply

Investor · Austin, TX · Member since 2016 · 68 posts · 33 votes
9y

Welcome @Dimitri Lopez!!! I LOVE your story and it hits home for me as a close family member had a similar experience. You can do GREAT things with the burning in your soul. If I can shed a guiding light in any way just reach out. You have the desire, now just aim at a path and keep pushing the gas pedal. 

See this reply in the discussion

5 Replies

Jump to latestLatest
  • Investor · Austin, TX · Member since 2016 · 68 posts · 33 votes
    9y

    Welcome @Dimitri Lopez!!! I LOVE your story and it hits home for me as a close family member had a similar experience. You can do GREAT things with the burning in your soul. If I can shed a guiding light in any way just reach out. You have the desire, now just aim at a path and keep pushing the gas pedal. 

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    9y

    @Dimitri Lopez

    Welcome to Bigger Pockets. You are at the right place to learn about real estate investing.

  • Austin, TX · Member since 2017 · 30 posts · 26 votes
    9y

    Thank you both, for the warm welcome. I am not shy, no sir, not at all. So yes I would be asking questions when I do have them. Right now I am just consuming as much materials as possible in this website. It is a lot, and it is all very helpful. I am extremely grateful for this community. You are all my Real Estate mentors, whether you like it or not.  Hehe... No worries, I will make you proud.

  • Puyallup, WA · Member since 2017 · 23 posts · 17 votes
    9y

    Welcome @Dimitri Lopez to the Bigger Pockets community. What a humbling and inspiring story you have!  I too am new to BP but you you have a 13 year advantage on me as I am 53 and just starting out.  I am not sure how much you have familiarized yourself with the website, but I have found the following to very helpful:  

    Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet
    Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

    Free 62 lesson course for beginners:  https://www.biggerpockets.com/courses/a-beginners-...

    Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing
    Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

    Best of luck Dimiti! I think we will all be hearing big things from you!

  • Austin, TX · Member since 2017 · 30 posts · 26 votes
    9y

    @Mike Bassett

    Thanks a lot for the welcome and the great tips. I have to check out the meet link you posted. I am still struggling with fully understanding or mastering a couple real estate terms. There are others that I fully understand like the BRRRR. Man I love that technique, my Thai Princess not so much. I will give it another go to those terms that I can't fully grasp and if need be I will post the question in a more appropriate discussion.

Join the conversationCreate a free account to reply, vote on answers and follow this thread.