In the beginning...

If you're like me, you've read the books, heard the podcasts, started small, tested the waters and then realized that real estate investing is AWESOME!

Then got some more properties, learned that life isn't just checks in the mail and real estate is NOT about houses and land, it's about PEOPLE! and people are HORRIBLE!

Some more time passes and with the right tools, systems and a really good property management company it's not THAT bad. You are making money every month and every once in a while you get a phone call from the property manager and you need to resolve this issue or another.

But then you read another business book and it tells you to build your PFS (personal financial statement) and it also tells you to update it frequently.

So you Google it and find a good template you start using and at first, it's a pain in the you know what to get all the numbers from all the bank accounts an mortgage companies and your SDIRA and your wife's 401K but you do this 5-6 times and it's not that hard anymore and you realize HOLLY COW, my wealth is growing every month!!!

Someone else is paying the mortgage, I have cashflow left (because I bought it right) to cover my maintenance expenses and that real estate thing really seems to work well for wealth building.

Life is good.

But then you hear more podcasts (damn you BP and your inspiring podcasts) and you realize that there is more out there. There are other real estate strategies that can also generate massive cash-flow. Way more than you can get from single family properties.

So now you're hooked. The research phase starts again and the million questions start flooding your brain. 

That's just how I operate; research, research and more research until I feel confident and then, I TAKE ACTION!

No analysis paralysis here baby!

In the next posts I will share with your my finding from my research. I will tell you what my I found in my research. I'll tell you about the good, the bad and the ugly (there is always ugly). 

I'll tell you about the rejected LOIs (offers), the one I got under contract and the fell because of the seller from hell, and the other seller that was reasonable.

I'll tell you about my underwriting process and the encounters with brokers, lenders and syndicatiors that knew less than I know.

I'll try to be realistic and fair in my story telling, no sunshine blown up your A@# in this blog.

Till the next time...