Investor · Granville, OH · Member since 2020 · 36 posts · 16 votes
Hey everyone,
I'm Kyle. I've recently been looking into developing my future and finances. My family was never wealthy, we were never good with money, and I didn't grow up learning about money. I went to college, went into debt, made bad credit choices, and paid more money than I ever needed. Yeah, I've got a lot of regrets. I'm a loser, but have found something that speaks to me. I've been floating through life looking for a calling; for something I'm truly passionate about AND that can also make me money and more educated. I'm addicted to learning and I've thrown myself into real estate and investing. I'm very much in the beginner stages and don't know what I don't know. My issue is that I can get caught up in trying to learn everything first before taking any action. It's a weakness I need to improve on.
I've started with the BP podcast, got the BP rental book, a bunch of other investing books, and have a lot to learn.
I wanted to throw myself out there, make a post, hopefully find some connections, and start bringing value to those around me however I can. Thanks to BP for all they do and everyone on the forums.....(steps off soapbox and puts cheese away).
Hello Kyle! It's good that you have intuition and want to learn. I am not trying to sell you anything, just giving you advise. Who is this guy anyway? I'm from Dallas, Texas and lived around there except for the years in was at college in Denton. I went to college in the late '70's when there was not any debt to go there. I did graduate with honors in business that emphasized real estate. At that time you could go straight for a broker's license if you passed the test. I had taken enough classes to be qualified and so I took the test and passed and got my license. That was in 1980 and I kept my license for about 30 years in Texas but never did that full time. Instead I got into construction management and ran several companies even my own.
I will not recommend a liscene unless it is very convenient. It can help you learn and keep current with class here every 2 years. People with a license usually say yes and the other ones say no. It really matters with your own requirements and needs and the ability to take advantage of thestage of meeting with other like-minded people or making contacts that could help you.
I'm 63 now and have many thing to say to you. I use to be married to a woman that also graduated from college, was a computer programmer and was very frugal but cancer took her life at the end of September. Our daughter graduated from the University of Arkansas about a year ago as a chemical engineer. We had her when I was 40 and that allowed my schedule to be kind of flexible and made me more able to spend time with her and my bosses believed in that.
The one thing we did not plan for was my brain aneurysm and a stroke but at that time my wife had a decent wuostroke at 54 and I have not walked, or driven, or worked since then but I was lucky to have a wife that had saving money for about 35 years and my caring family that has helped me. I'm also lucky that my mom's boyfriend was a pretty frugal person and when he died as a stock broker and she had worked for him as a secretary and learned very much about stock market investing for about 40 years and is still doing pretty well. She's only 84 but she stays glued to Fox News. He died at 93 but was very nice WWII veteran.
I may have told you too much personal info but I hope it helps you. Just remember that you have to plan for the unknown future and it's really hard to plan for. Do not listen or react to anyone that discusses the future or the lack of their experience in what they are talking about. Many are brainwashed and only think about the past and are not thinking about current effects. Things have changed and believe in that. Very few people older than you do not know about what they are talking about.
Cash flow, location, and demand are very important. First impression and dressing make a difference. Now, I was in good health and had scheduled my preventative surgery that was set to happen just 2 days before of my collapse. I was lucky to be at home when that time and that my wife chose to keep me alive. I had head surgery after I collapsed and do not remember those 30 days in the hospital and they put me in a coma to keep me alive.
When investing, think long term and that there are several options to borrow that m OK net. You either hate or love lending but if you need it, that's OK as long as that puts money in your pocket or has positive cash flow. I've never been to Ohio so I cannot give you any geographic recommendations. This is a good website that can help you in many ways. I've read about 250 books in the last 6 years about investing, sales, and business management. When the Texas Real Estate showed no mercy on me and that I had to start all over is when I got into real estate investing. Continue your education that will happen forever and make sure your teachers have done what they are teaching.
Hello again Kyle but I accidentally hit the "post reply" button and I was not quite completed. There are many things to say and I will not mention all of them. There is much to learn but they are pretty simple. I have been listening to Brandon Turner every week for a long and he's good to listen to. Practice offers, purchase contracts, and evaluations. Be able to answer all contact questions. Act like an expert with customers. Proximity to schools and public transportation stops come into play for some people. A growing economy or growth direct are important factors to some as well as it's proximity to the major roads to employers.
