A few deals down and I'm only getting started!

[Joseph Sanders]

I listen to the podcasts and it is evident how important it is to post in the BP forums (especially since Brandon reminds us each time, lol). So I thought I would take this opportunity to talk about what I have done in the past year and maybe brag a little. 

A little background: I have been interested in real estate since I was 12. I remember it vividly; I was staying in a small resort at a lake in southern Missouri when I found out that it was owned by regular people. People like my parents, like you and me, not big corporations like Hilton or Omni. I was shocked to learn that just anybody could own real estate of that sort and I wanted to know more. Fast forward a few years and The Donald came out with "The Apprentice", and that reinvigorated my passion for real estate. However, like most would-be investors, I dreamed about it but never took action. Well I'm proud to say that I have taken action!

A few years ago I bought a foreclosure, did some improvements, and pulled out equity to use for investing. At the beginning of this year I partnered with a friend to do our first rehab. It took six months and we didn't make much, but we did make a profit and were able to pay our investors their promised return. We have since done two wholesales and will soon be closing on another rehab project. I am also putting together a deal for a 24unit apartment complex. As fun as wholesales and rehabs can be, nothing is more fun and fascinating to me than putting together a deal for a large purchase. So like the heading says; I have a few deals down but I am only getting started.

Lastly, my advice to would-be (read: soon to be) investors is to do your due diligence, but most importantly to Take Action. The pod casts have been very helpful and any time I need energizing I will listen to one. I suggest that those of you starting out should do the same. Thanks for taking the time to read this!