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All Forum Posts by: Erik Garcia

Erik Garcia has started 1 posts and replied 16 times.

Post: Partners not as excited.

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1

It seems to me that you are doing all the work while they are behind you waiting for you to find the "perfect deal" and they finance. The problem that I'm seeing is that they're not sure of what you are doing that's why they keep having these "what if" questions a lot.

As you have stated in the post above, you are always on full throttle and they probably couldn't keep up. My advice to you is slow down a bit, educate them, get them on the same page you are, then you and your partners can take of all at once.

It's hard to fail when you have a knowledgeable team that works together.

Erik G.

Post: 101 Lessons learned in REI

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1
Originally posted by TheMasterKey:
Originally posted by Erik Garcia:
17. Sometimes being successful means leaving friends behind. As you grow, they don't and soon you no longer have anything in common. They often don't want you to be successful because it makes them feel unsuccessful and they inadvertently become your saboteur. As hard as it is, move on.


I have read this advice from many sources, and I think it's right, just tough to do.

Brian


I have left so many friends behind. Some I still have contact with, others I don't. It's only hard letting go at first but soon you will realize that they just come and go. Some people become your friends because you have something to offer to them. When they get what they want, they leave. Don't worry about the people from your past, because there's a reason why they didn't make it to your future.

To me, the only friends I will have a hard time letting go are what I call "true" friends. Friends who will never leave you behind. Bottom line is I keep the ones that are empowering, that have character, and that I can trust - no matter where they came from and what their past or future hold.

Erik G.

Post: making payments

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1

SInce Quickbooks has already been posted, I'll just throw out another piece of advice to keep you on top of things.

When you get stuff in the mail that needs a reply back, do whatever needs to be done and mail it back to them ASAP. This will keep you having a pile of mails which will save you a lot of time in the long run, and also that's less thing to worry about. This may already seem obvious but lots of people still wait until it's close to being due until they mail it back.

Post: 101 Lessons learned in REI

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1

15. Master your personal finances before attempting a business.

16. Life is education, pay attention, take notes and learn it's lessons.

17. Sometimes being successful means leaving friends behind. As you grow, they don't and soon you no longer have anything in common. They often don't want you to be successful because it makes them feel unsuccessful and they inadvertently become your saboteur. As hard as it is, move on.

Post: What else do you invest in besides real estate?

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1

I also invest in stocks, commodities, and foreign exchange.

Post: 101 Lessons learned in REI

Erik GarciaPosted
  • Developer
  • Illinois
  • Posts 17
  • Votes 1

13. Learn not only from your own mistakes, but also other people's mistakes.