All Forum Posts by: Garrett Gable

I am a 25 year old from Miami, FL. I started inquiring about RE investing in January, 2015, and I took action the first week of March, 2015. I started a wholesaling operation and have been steadily sending out postcards to absentee owners with 40% or more equity in Dade County. I have not made a deal yet, but have had a decent response rate and I hope to see some motivated sellers coming soon. My goal is to build some cash through wholesailing and eventually purchase buy and hold investments. 

I want to know the strategies and goals of other twenty-somethings across the country? What are you working on on a daily basis? How long have you been investing? Where/how did you start? Where do you see yourself in the future?

Many Thanks,

Carlos Diaz

i dropped out of college! I just reached my 1 million dollars in net worth goal! 

It's not impossible to get those returns in the stock market. I taught myself everything about the stock market when I was in college. Fundamental, and technical analysis. While everyone was going out and partying, I was going through 10k statements, learning to read financial statements, and so forth. Options trading is not risky. Here is an example of what I did with 25k, and how I made a 12k profit within 14 days. If you put your mind to it, and truly want to learn how to earn it's possible. Stock options is the next generation of investing, there has just been so much fallacy associated with it. 

It's not impossible, I dropped out or you can say I took a break for a year to learn everything about stocks. Then went back and graduated. 

Can I hire you to negotiate for me?

Congratulations! Way to get in the game!

@Garrett Gable nice work!

Very similar to my story (except I was a college kick-out) ;)

I did 2 flips in my first 6 months of being kicked out of school... I learned so much more by doing than I ever did sitting in a classroom.

I took a hiatus from REI and decided to develop web applications for living. Now that I'm well into 6 figures annually (and have proven to myself I didn't need college), I'm starting back up with REI.

Best of luck!

@Garrett Gable,

So, was this a wholetail deal?  Did you actually come up with a $35,000 purchase price and close on the property?  Or did you turn around an do an assignment contract or double closing to sell it another individual?

Either way, it sounds like a great first deal, and congratulations.  I would just like to know more about the structure of your deal and financing (if any) of the deal.

Thanks and best of luck!

That is awesome. I need to have you talk to my sellers. You will be writing blog posts about your negotiating with sellers in the near future. The one bad thing about not going to college is no more dorm or frat parties.

@Garrett Gable

Great idea for the flips!

However, I hope you know stock market is in most case just luck. In fact, studies showed that a monkey randomly selecting shares of companies can achieve the same yearly return as the average traders in banks. Don't get trapped with all those ''fake overnight millionaires traders'' and all that BS guru stuff. I sincerely hope you know what you are doing if you go on with the stock market and that you trust those you are surrounding yourself with. I doubt you can make that kind of 15k profits in a couple weeks on the stock market with limited capital like you did with real estate. You would have to have silly amount of cash like hundreds of thousands or you would have to do very very risky things like venture capitalism, IPOs, option trading and all that (which is quite impossible for a young college dropout). Most newbies in real estate are getting better returns than the expert CFA (Chartered Financial Analyst which you find on wall street) on a yearly basis.

I am a Finance student and this is what I study all day long. Let me tell you, I believe you would certainly make more money by sticking to the real estate thing than betting on the market.  But you know, that's only my point of view. Who am I to give you advice.

Regardless of the way you'll take, I wish you best of luck ! :)

-Kevin

@Garrett Gable

Congratulations ! Very inspiring.

What's coming next?