Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 13 years ago,

User Stats

155
Posts
41
Votes
William D.
41
Votes |
155
Posts

New Member...kinda

William D.
Posted

Greetings BP,

I feel compelled to write an introduction post given the recent events that have transpired and the support I received from BP. And, in light of the fact that I never wrote one as a newbie.

I was a close follower and poster for a little over a year. During this time I had three projects going and in a perfect world was on a course to out pace my W2 income.

However, and as many can attest, the world is not perfect --in fact it is extremely imperfect. I was dealt one painful financial blow after another until I found myself face to face with insolvency. Through out the entire process I blamed luck and misfortune. However, in hind-sight many of the losses could have been avoided by heeding the conservative words of advice of Jon Holdman, Wil Barnard, or Bryan Hancock to name a few (there are many of you out there whom could easily have been named).

I found myself at a crossroads between giving up entirely on all 3 investments or continuing to fight and am happy to report that I chose the latter. I swallowed my pride, got loans from families, and doubled my work effort.

I am pleased to announce that as of 12/1 I am no longer in danger of insolvency and after paying back my "friendly" loans I am charted on a course in 2012 to be back to normal.

The reason I am posting is because I feel an obligation to acknowledge BP and the BP community. To draw on a loose paraphrse from the Corinthian's, I was knocked down but I was not destroyed.

I now look forward to 2012 to both help other investors and re-tool and re-vamp my own investment model; and BP is the perfect forum for both.

As a tangent, I'd like to personally thank Rob Gillespe who helped me out on a project (not one of the 3 referenced above). I called Rob on a whim and mentioned BP. Without ever having met me he put me in contact with someone that could assist me and for that I am grateful. BP gives you a friend in every town and that's an invaluable resource.

Sorry if my post was longer than expected. Thanks for obliging my soliloquy.

Best to all in 2012.

Loading replies...