I work for a company that makes promotional products and I do the overseas purchasing. I've been with them for 15 years and have seen them through good and bad times. I was on a 4-day work week for a year and a half after the economy crash, put back on full time....then back to reduced hours as we start 2012. Time to get real estate into high gear!
It's funny that real estate has been in my family for years, yet I have only discovered it this past year. My father had a real estate business with my uncle for many years, and even though my father is no longer with us, the business was passed down to my cousin who now runs it.
I have a small 2-bed house and from the moment I bought it, I thought of it as a starting over house and knew that I would sell it to move into something larger and in a better neighborhood. Then the economy crashed and I realized that I couldn't get my money out of it by selling. As I started to look into alternatives I began to realize that houses on the current market were going for incredibly cheap! And if I wanted to buy a better house, then NOW was the time to do it! Then late one night I was watching TV and there was this ad and this book to buy.....and it's all history after that.
My goal for the future is to flip a few houses and make enough money for a large down payment on the house of my dreams that I will retire in. Then I will work on buying and holding so that I possibly CAN retire.
It's a little scary starting a new business, but I've jumped in with both feet. I'm not super fast, but when I take things one step at a time I have more understanding and more confidence.
I bought my first investment property in November 2009. That was supposed to be a fix n flip, but it turned into a rental because of a low appraisal. I moved forward and purchased another REO to flip and that one took forever to sell ...BUT... I did sell it and I did make a profit. I have a lot of great ideas and energy for the future!
Here's to a great new year!