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Updated over 8 years ago,

User Stats

254
Posts
136
Votes
Nicholas Armstrong
  • Investor
  • Birmingham, AL
136
Votes |
254
Posts

4 months in, 2 flips down with a 9-5 and 3 kids! - With pictures!

Nicholas Armstrong
  • Investor
  • Birmingham, AL
Posted

Hey Guys!

I haven't been as active on the forums near as much as I would have like to have been these past few months. Mostly because I've been scouring the MLS looking for deals or checking on our current rehab houses any spare moment I have.

But, I'd like to take a moment and share my story and progress in hopes to encourage some of the younger or newer investors to take action!

So, I picked up "Rich Dad, Poor Dad" in October of last year which is when I found this great BP community. From October of last year to February of this year I networked on BP, read books and endlessly searched for any opportunity I could find via BP. In February of this year all the hard work paid off and I found an Investment company offering JV partnerships flipping houses! Needless to say I snatched the opportunity and hit the ground running.

When I started flipping with this company, everyone I knew including FAMILY was skeptical and were very doubtful of the opportunity. Friends laughed and made fun me telling me I was getting ripped off or that I had no idea what I was doing.. And it's funny, now just 5 months later, those same people INCLUDING FAMILY are asking to work for me or asking me to get them "hooked up" with an investment company. When I tell them what they need to do to find an opportunity, they never take the action required to find one. "I don't think I'll get as lucky as you" is what I'll often hear.

I work a 9-5 and I have flipped 2 houses (about to start the third) since February and I am working on my first wholesale deal as we speak. I have only been in the game for a few months but I am looking forward to what the future holds. 

So, I'll post some words of wisdom to the newer or younger investors out there and end my post with some before and after pictures from my first 2 flips:

  1. Your network equals your net worth - Get out there and introduce yourself! Whether on BP or at your local meet-up. 
  2. The only opportunity missed is the opportunity not looked for-  Stop deceiving yourself, there are ENDLESS opportunities. You just have to hustle hustle hustle to find them. That's how I find mine.
  3. You have plenty of time to invest in real estate if you have a full time job- Don't tell me you don't have time to do the things I'm doing. (I'm married with 3.. YES THREE children)  Delete your Facebook and put down pokemon go. I guarantee your productivity will almost triple. How serious are you about getting out of the rat race and changing your legacy??!
  4. Read 10 pages of an EDUCATIONAL book a day- Self development, Management, Investments, Business, Economics, Macroeconomics, Networking for Dummies... ANYTHING! Leaders read.
  5. Stop hanging out with Whiners, downers, and complainers- Your mindset is everything. Surround yourself with people who talk less about issues and more about ideas. You are the average of the 5 people you surround yourself with, what does that make you?
  6. Stop making excuses, start taking action- Are you going to fail? Probably somewhere along the way. Let me take that back.. You are absolutely going to fail at some point. But failure and problems need to be a sign of growth! Grant Cardone puts it in this light: "I like problems, big problems! Because that means I'm doing big things!" So, What kind of problems are you dealing with? Are you scrambling to fund the next 20 unit deal you just found? Or are you scrambling trying to pay rent? 

So, now with the fun stuff..

Pine Road - My first flip!

Rocky Lane - Flip number 2!

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