I guess for some time I had it in the back of my mind that if I ever got into trouble with college then real estate would be my fall-back. That was over 6 years ago and it was with my last bit of money I purchased Dean's "Think A Little Different" course and I'm still re-reading the entire set of books and listening to the CD's. I am still learning a lot about real estate and I try to get involved or dabble here and there including my first REIClub meeting.
I've been a stay at home dad for several years since my wife's postpartum. It was difficult at first and I just became a Mr. Mom for a mixed family of eight. Sometimes life can be very over whelming even just stepping outside the house at times. Fear is a learned response and can be unlearned...however, being involved with section eight housing and fearing the loss of housing to live on the streets is a very real fear. The matter is beating the fear and replacing it with an income so we can move into a real home that's large enough for all of us; living in a small 4bd apartment is really stressful.
My mission today is to contact several property managers and home owner insurance companies to fill in the blanks on my cash flow analysis form. I am designing my business card, and I have future plans to visit several title/Escrow companies to hopefully learn more on a first name basis.
One thing on due diligence, going for the 20% to 30% below FMV. Is this based upon the comps and your cash flow analysis? I'm going to learn all I can and get my family off the state, we deserve better!
Never Give Up, Never Surrender!