College Drop out to First Deal

[Garrett Gable]

Hey Guys,

Thought I'd share my first deal with everyone :)

I dropped out of college March of 2015. 

My friends and associates looked down on me thinking I was turning into a bum. Other parents would call mine saying, "I'm so sorry to hear about Garrett."

Little did they know I had been reading books and attending wealth seminars for quite some time. 

I knew what I wanted and finally took a leap of faith.

I started reading, listening, and watching videos online for a solid month before I had my first break through. Anything business, finance, real estate, and motivation related inspired the hell out of me. 

I started asking questions of people who are where I wanted to be.

It led me to Toledo! Thanks Engelo Rumora (I know you'll get notified Mr. Key Word.)

Anyways, my first deal was through a yellow letter.

An older gentleman called and wanted to sell his house for 65,000.

After three weeks of negotiation I got him to sell me the property for 35,000

Long story short, I sold it 3 days later for 53,000 without moving a paint brush :)

[Kevin Bellavance]

@Garrett Gable

Great idea for the flips!

However, I hope you know stock market is in most case just luck. In fact, studies showed that a monkey randomly selecting shares of companies can achieve the same yearly return as the average traders in banks. Don't get trapped with all those ''fake overnight millionaires traders'' and all that BS guru stuff. I sincerely hope you know what you are doing if you go on with the stock market and that you trust those you are surrounding yourself with. I doubt you can make that kind of 15k profits in a couple weeks on the stock market with limited capital like you did with real estate. You would have to have silly amount of cash like hundreds of thousands or you would have to do very very risky things like venture capitalism, IPOs, option trading and all that (which is quite impossible for a young college dropout). Most newbies in real estate are getting better returns than the expert CFA (Chartered Financial Analyst which you find on wall street) on a yearly basis.

I am a Finance student and this is what I study all day long. Let me tell you, I believe you would certainly make more money by sticking to the real estate thing than betting on the market.  But you know, that's only my point of view. Who am I to give you advice.

Regardless of the way you'll take, I wish you best of luck ! :)

-Kevin