For me the idea of investing in Real Estate started around the age of 22. I was a young appraiser’s assistant on the brink of getting my full state license. Soon, I would be making some cash flow. I could feel it; smell it; heck I had already begun spending it!
My days were spent in the depths of the residential real estate world while my nights passed with a passion for Real Estate investing. I was a white belt, as my friend Jim Lerman likes to say. Sure, I already had 5 years of appraisal experience. Sure, I knew all about the technical side of Real Estate and yes, I was beginning to feel the philosophical side or at least the passionate side of my career. But in all reality, I was a white belt! As the saying goes. “If I knew then what I know now”……well, I’d like to think you would have heard about me years ago.
The year was 2003. I had been licensed now for close to one year. I had been saving and saving and shopping and shopping. How does that go again? Saving and shopping? Well, my shopping was all Real Estate and it takes awhile before you ever spend any money. That’s how it went for me, anyway. I had been reading and reading: Rich Dad Poor Dad, Carlton Sheets, Zig Ziglar, and Dan Lumley (that local realtor I took classes from, who wrote the first Real Estate book I ever read – thanks Dan). I was literally sleeping Real Estate. My dreams consisted of a buzz of Real Estate deals. At that time I was mostly dreaming of single family rental homes. Boy did those dreams change. I had 40K of down payment money saved and was ready to rock. So off I went!