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Posted about 9 years ago

If you can't walk on water where do you go?

Everybody likes the rich dad poor dad books, right? Something that really caught my attention, in his book, was when he and his wife refused to get a job and were set on making money in other ways. Well I tried this and I found out that I am not very good at it, so after going 6 weeks without a paycheck and stretching my savings as far as it could go my wife and I are left selling of everything that we aren't using in order to get money for gas and bills. So walking on the water hasn't really worked for me, but I don't want to climb completely back into the safety of a job because I cant stand being stuck in a job. I am currently starting training/schooling for a new sales job that has a good base pay for the 1st 6 weeks. 

I wouldn't trade my experience of jumping out of the boat (safety of a job) and trying to walk on water for anything, I have learned so much in the past 2 months. Things that I will take with me my whole life. 

But we are here to talk about real estate. One nice thing about cold calling businesses was that I would run into a bunch of real estate offices, since I am such a shy person I would have had an extremely hard time leaving the house to talk to a stranger face to face about my dreams of real estate, and after pitching for my job I figured why not ask them about purchasing some real estate. It is here that I find out that I can not get a loan unless I have a steady pay check, which is something sales doesn't give me. I will have to be in sales for 2 years before I can use its income to get a loan for real estate. That would have been nice to know, how did I not here about that in at least one of the many bigger pocket episodes that I listened to. Oh well, from there it was only a matter of finding a real estate agent that owned their own rental property and I eventually found one. It was probably had to talk to 4 or 5 real estate agents before I found one. 

This real estate agent was very nice and was even happy to hear of my interest in real estate. But as I already knew, she was unable to help me until I was able to get financed. I guess it shouldn't have come as a surprise to me that she had a business card on hand of a loan officer that she really liked. After giving the loan officer a call, and revealing that I am a total noob when she asked what kind of down payment I was looking to start with and I started talking about mortgage payments. She was very nice, but she is unable to help me until I get a job with a base pay. 

So that is where I am, after I start my new sales job (with the added base pay) I will be able to get a loan and begin shopping around for a house or duplex that I will attempt to rent out. Thus making myself a monthly income without putting in 40 hrs a week. 


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