Well, this is my first entry so I'll give a little background on my self, why I started, and then catch you up to speed on where I'm at now. I'm a guy with a good job, but a lot of debt that I want to get out of and on top of that my kids are starting private school. I decided that I needed another job, but I didn't want to be away from my family. I had thought about investing in real estate before and it seemed like this was as good as time as any(11/20/08). I didn't know where to start until about a week later when I turned on the tv one morning before work and saw Dean talking about his "Be a Real Estate Millionaire" book. I decided that for only $25 that would be a good place to try and so I ordered it. I finally read Deans book back at the first of this year and started working on a plan. I called my real estate agent that I worked with on my own personal house, she told me about a local investment group and then I found an investor, my dad! We started going to the investment classes(free)and going to the auctions on Friday's which is my day off! In about two weeks we bought are first house, put it up for sale a month and a half later and had an offer on it 2day's later. It took us 4mo.(10/20/09) to close because the buyer's went FHA and we found out that it can take longer than a conventional loan, oh well, live and learn!!! We just got our second house after two weeks of looking and we had an offer on it 1hr after we bought it!!! I'm hoping this one goes quicker than the last, but only time will tell. I guess I should mention that I only put in about 8hrs. of work a week when I'm looking for a house and once it's up for sale there is nothing that I really have to do. This is a perfect side job, and if you really wanted to make it full time you could really make a killing!! So far we have made 21K on the first and it looks like will make about 30K on this next one and yes all without spending a dime of either my money or my dad's!! I'll try to keep this journal up, because I do see the value of learning from other peoples experiences.
Posted on: Sun, 11/15/2009 - 17:33