Hello everyone. I've posted on here before, but I never officially introduced myself, so here it goes.
I'm originally from Michigan/Ohio but I've been in the Dallas/Fort Worth area since 2003. When I was 25 I lived in Buffalo, NY (Grand Island) and I bought my first home. It was a small 1000 sq ft house on 2 acres. The Niagra River was right across the street in my front yard. So was Canada. It was awesome! It also had a small two bedroom house next door on the same lot. I was going to be a landlord. I had about $200 in the bank and living paycheck to paycheck. If I didn't find a tenant, I wouldn't be able to make my mortgage payments. How I got a loan for this house is beyond me. They gave it to me though. I screened my tenents, not by credit check, but by being a jerk to the ones I didn't want to live next to. They never came back. lol Somehow it worked. I found awesome tenants and had a pretty great experience as a landlord. I enjoyed fixing the toilets, remodeling the kitchen, etc. When I sold the property, It sold on the first day I listed it and I got my full asking price. I know some of you are shaking your head right now. I avoided finacial ruin by dumb luck.
Fast forward to 2013 and I've been wanting to be a fix and flip investor all of my life. Even before the reality shows. It just always seemed out of reach. Now I'm starting to take action. Call it mid-life crisis, whatever, the smell of saw dust and paint really gets me motivated. I've decided to start off wholesaling. (I can hear the collective groans and "here comes another one") Yes, yes I know. I'm going slow, though. I want to learn this business and this seems like a great place to start, seeing as though I'll probably be dealing with wholesalers later on. My goal is to become very respected in this area. I have zero debt and a great credit score. I'm not in finacial trouble so I feel I don't need to rush into a bad deal or try to get $20,000 out of an ivestor and ruin my reputation. I will make some mistakes. I've actually have made a couple of huge, non financial ones, but I'll never tell.
My first yellow letter campaign in full swing. Yes it's an absentee list and yes I know everyone is hitting that list. Trust me, the latino lady that yelled at me last night in spanish while her young daughter sheepishly told me to stop sending letters, reminded me. But it's great practice and I'm learning how to stay calm and sort things out in my head. I'm actually at the point where I'm guessing most people quit. It's very frusterating being a newbie. We have them come into my workplace everyday. They act like they know things that they don't. They try to fake it 'til they make it and it's a little annoying. This feels like going to the gym where the "beautiful people" work out and showing up in a speedo with my belly hanging out. But I'll get there.
In closing I will say this. While I sit at work in write this, my 7 year old son is on his way to go camping for the weekend with the family. I can't go. I have to work. So if you think I'm going to be another fly by night investor, you're wrong. I took off work the other day to go buy supplies at Staples. I even swung by Starbucks to see how you guys were living. It felt good...
