Storytime of forgotten dreams

[Josh H.]

Story time:

So this is where my journey to become a real estate investor. So after I finish college in 2008 I was fortunate to either buy my dream car or save it in the bank or be smart and use it to pay 25% of my student loans. At first I didn’t know what to do so first I went and study how money works and did a lot of searching. I end up picking up a book called rich dad poor dad by Robert K (yes a mint classic), and after reading that my passion in real estate and understanding how money works sky rocketed.

So I sucked it up and been doing a lot of researching and understanding of buying real estate and either renting them out or flipping them. So after all that intense research and studying I bought my first single family house, at the time it was a distressed property and needed a lot of fixing. The house cost me roughly 35k and needed another 20k+ to fix. So I got a mortgage with a fixed rate for 20 years. So after 2 years later I held the property and I was working in retail making min wage here in San Francisco saving up all my pennies and was still looking for a position here in San Francisco. Those who don’t know if your a new grad at the time, its almost impossible to find a position without going outside the city getting 30% less the pay. So the competition here is quite excruciatingly painful to swallow, and not even factoring in the commute and the bubble over price rent.

So back to the story, after 2years of saving my money i was able to begin my process in fixing the home I bought which was sitting there not doing anything for 2years (I was scared to rent it out to people I didn’t know, and felt it was not livable condition). I first begin to see which color would match the best and make the outside look lux, so I studied a lot of the high end markets in San Francisco and applied the same color scheme to the home. So i redone my living room, redone the floor and bath, the kitchen was fine, but I added new counter tops and a open box oven that cost 60% its retail price and after 1year later I got an appraisal of $87,500, and sold it for 86k and some change.

During that time I was always scared to continue my venture in either quitting, and ponder why did I blow so much money on a crappy home? I’m such an idiot… their were many thoughts coming up on my mind with putting it back on the market for a 5k lost and just learn from it but for some reason, I had a steady mentality to keep on going and a not the current condition and see the bigger picture.

So after what was said and done i netted around $32,000 on that single home! This was the best timing, and i just couldn’t believe that if you put the time (MONTHS AND YEARS) and energy (mentality and focus) you can truly do whatever your minds sets you. It truly started with the hunger of understand how money works, then how wealth is made, to making big and bold moves and going for it! Till this very day i only did that one deal in real estate but for some reason my heart is telling me to go for gold. So about 6years later I'm in my 20’s and now i want to quit my 6 figure salary gig and do this full time. But now with being a real estate agent full time and flipping homes maybe 1 or 2 deals a year. (please don't ask for business sorry ty)

For those who are agents in the game, and i don't mean to be rude or mean by any means, but im speaking to mega agents ONLY who are doing at least 30+ transactions a year, or 250k+ in commission. (if you dont wanna post on your real account do what you have to do to make a comment) I know there are a lot of coaches and sales training and yada yada yada. But what would you truly do, to do well in the business. I want you to be as detailed as possible not vague and broad to the point where its recommending books and doing xyz. I want the grit and truth of what it truly takes to become a true mega agent. Things that i done so far, i have 3 mentors, one from pacific union reality, climb reality and a friend i recently met last month in Keller williams reality which will each have a 50/50 split with whatever i bring to them for my first year. I read all of the top mindset books, how to prospect for leads and even how to generate leads. What else should i be mindful to learn this business. As of right now im studying to get my license and will do research and picking which brokerage who will take me to the next level. ~Cheers if you read my story and ty.