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All Forum Posts by: N/A N/A

N/A N/A has started 2 posts and replied 7 times.

Post: New From Michigan

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  • Posts 7
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Originally posted by "wesley":
Hello GS,

And welcome! :lol:

I read the exchange with Noobdog with interest and find I usually agree with him. He gives good advice.

I'm really proud of you and your accomplishments so far. This is the track and the attitude that you want to always have.

Keep it up, and keep looking for practical experience. Good Luck.

Thank You.

Post: Few Questions... (Newbie Questions Inside Beware)

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  • Posts 7
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Originally posted by "Whyfor":
Originally posted by "Ryan Webber":
Okay, well it seems like you have some practical experience in business. That's good.

I guess it just seemed to me that you were already looking for your outs, and you haven't even started. When I went into business for myself, I had so few options for true success in my mind that when times got tough I had no where to go. I had to stick it out. I had to persevere just to survive in my mind. Going and getting some cushy corporate job just wasn't an option in my mind. I HAD to succeed. This determination was a key component to my success, and I think this type of determination is key for all successful business owners.

Very well stated Ryan!
I definitely feel that one! LOL!

Being short on "other options" has it's downside, but on the same note,
it certainly makes for a strong motivation factor!
The key is to recognize it as such, and don't give up!

I completely AGREE!! Actually I couldnt agree more. I dont think I would do well in a large corporation enless I was the owner or an executive. I feel the need personally to suceed and make myself rather than making myself in a company where I might get good work experience but I wouldnt be doing what my heart wants me to do.

I do however have a great understanding for the need to gain experience from such jobs before becoming the boss or owner because then you know what it is like. This also goes hand in hand with the idea of getting your hands dirty in some niche of entrepreneurship or a real estate focus.

Post: Few Questions... (Newbie Questions Inside Beware)

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  • Posts 7
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Originally posted by "Ryan Webber":
Become more employable? :shock:

Hmmm . . .

It's good to have something to fall back on, but to make it as a young business owner you will have to develop the heart of a lion. It will take more intestinal fortitude than you have ever imagined. Being successful in business will take YEARS of disciplined effort and sacrifice on your part. It's not for everyone, but the ones who stick it out will absolutely EARN every ounce of the success that they enjoy.

My mom has run a very successful business for 10 years (just got a 10 yr certificate from the small business association). I work at a privately owned business, so I get to do operations and I absolutely love it.

Again, being more employable gives me more to fall back on. If I fail at running a business I still have the skills to be very successful, atleast in my mind. :D I do agree, it does take many sacrifices and disciplined effort.

Post: Few Questions... (Newbie Questions Inside Beware)

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Thank You... That all means a lot to me. I definately understand the importance of learning on my own, as that has gotten me as far as I have come thus far.

My certificate does include those classes and that is the MAIN reason why I would like to attain it.

I would like to be multi faceted and employable as possible whether it be in an engineering job, a business job, or a real estate position.

I have a friend who owns a big development and real estate company, and if all else fails he recognized my selling ablities and started talking to me and said for me to get some degrees and I'll have a job with him, so I know I can make it places.

I appreciate all this information and I would like to hear from more of you guys!

Post: New From Michigan

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  • Posts 7
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Originally posted by "noobdog1":
like anything else GS, there's no schooling that will teach you everything. get your real estate sales license and learn the business as you work in it before graduating college and going out and getting your brokers license.

taking all the classes in the world at college will never make you any money, until you get out there and start selling!

and what i mean by "selling" is not necessarily being a real estate agent selling other people's houses.

you're taking business classes, that's great! the bottom line on all that "stuff", is if you're in it to be an entrepreneur - the NUMBER ONE SKILL you will need is the ability to SELL. period.

since becoming an entrepreneur, i've had countless conversations about business that i never could have learned about in college. whether your selling real estate or selling the ideas behind your business - you've got to be able to sell!

keep in touch man. it sounds like you're really onto doing some great things!

my two sense is, really go out and while you're in college - take real life "classes" in the street while also going to school in the college.

that is everything i am about.

at work in the past 5 months i boasted $55,000 in sales with the total being $155000 between 4 people. the top seller being the owner because... well he just has more experience and he's there more. but i can sell anything.

the real estate certificate i am attaining here at college is only 4 classes. i'm incorporating that into my schedule with my mechanical engineering major classes as well as business. so its kind of complicated.

i wont be able to get my brokers license for two years because 1. i dont have the correct study guide and utilities nor the money to pay the $800 i have seen for some. I would love to get going as soon as possible but i just do not know how, so i am going to be reading books to try and learn the ropes.

i greatly understand that learning first hand is like no other teaching i could have so i definately want to do this before college.

i actually wanted tobuy an acre of commercial land now and put 10-20 self storage units on it, and run that while i was in college, just for the experience as long as i didnt lose money, atleast not a great amount. my dad however wont help me do this, and i dont know how to do it on my own.

i am applying for my first credit card next weekend, so i can start building credit. I do understand the dynamics of building somewhat of credit, and even though its hard to believe i'm not the type to get mislead by credit cards. i do understand the concept of good and bad credit, and i also understand that good credit is a key point in being eligible to buy a property, therefore i'm going to have to start soon.

thank you and i cant wait for more to respond with advice :) i'm glad i'm here.

Post: Few Questions... (Newbie Questions Inside Beware)

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Hi everyone, I'm new to the nitty gritty to the industry and I would really like to get into this. I have a few questions that I would like to know about. I know that some of them may have been recently posted but I'd rather get them out in my own words. Sorry if I sound ignorant in any way, but I am only 19 with 0 experience here.

I've begun to read books about real estate, articles, and I am also going to be getting a real estate certificate from my University in the next year or two and I would like to have somewhat of a jump on it when I start. I'm looking at two books right now on Amazon entitled, "Real Estate Investing For Dummies", and The Beginner's Guide to Real Estate Investing (Paperback)
by Gary W. Eldred. Are these decent books to start out with?

Also flipping has been getting more and more important, and I've read recent threads on doing the work on my own or paying and I think that paying would be best for me since I'm in college, work full time in my off time, and would be doing this with the owner of the place where I work. We arent looking for $30000 profit turns but less with the experience oppurtunity. With the recent downfall of the real estate market is this something that is going to stay around or is it something that is going to die out in time and become pointless?

What is everyone's ideas or opinions on forclosures, I spoke with a good friend who sells real estate and he said where we are its next to impossible to even benefit from them, and its no where near worth the hastle of fixing them up and selling them.

Finally, is a brokers license really worth it if I attain a real estate certificate from my University? What benefits does the license incorporate into my abilities in this field?

Again sorry for ignorance in any way. And if I have posted this in the wrong section I'm sorry I'm sure mods can pop it over for me.

Thanks in advance.

Post: New From Michigan

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Hey Folks,
I'm new here, I'm 19 with a big interest in real estate investing. I work as a Bicycle Mechanic full time, I am in college at Ferris State University with a double major, Mechanical Engineering Technology and Business Administration, and am also working on a real estate certificate from the university and at the end of attaining that also getting a brokers license.

I guess you could say that I am going to be multi faceted but I just have a large interest in unrelated things. :)

I'm going to post some ignorant questions in general here in a second because, well... I'm 19, and know almost nothing about the technical aspects of this interest of mine.

Glad I found this place and I hope i get to use it well. :)