Real Estate Investing Forums

Real Estate Investing => Bird Dogs, Wholesaling => Topic started by: tbodley74 on July 27, 2011, 12:38:07 pm

Title: Time to give up real estate investing?
Post by: tbodley74 on July 27, 2011, 12:38:07 pm
As much I want to wholesale, I am in a rut now that looks to ruin my hopes of doing any deals whatsoever. Without means of literally going out to find deals and transact business with buyers and sellers, the hopes of real estate investing is dead. That is how I feel right now because I am unable to travel out and do any kind of business transactions.  Is it safe to say I can go ahead and call it quits?
Title: Re: Time to give up real estate investing?
Post by: justin0419 on July 27, 2011, 01:33:31 pm
Most people quit.  Only you can determine if that's the right thing to do or not.  Are you saying you don't have the financial means or the time to go find deals?  Maybe you just put things on hold for awhile, but it's completely up to you. 
Title: Re: Time to give up real estate investing?
Post by: kingcutlass on July 27, 2011, 02:34:19 pm
3 words. 3 feet from gold. excellent read. I was in your shoes not too long ago. My father and uncle are in to real estate and i just couldnt get a deal done to save my life. This went on for a little over a year, I just recently closed on my first wholesale deal for $5000. Success favors those with tenacity.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 27, 2011, 03:10:46 pm
To be honest and I hate to say this, but I don't have my wheels to get me from point a to point b. That's what I mean by I can't literally go out and do any kind of transactions. I can't do any deals if I can't get to the deals somehow someway. Right?
Most people quit.  Only you can determine if that's the right thing to do or not.  Are you saying you don't have the financial means or the time to go find deals?  Maybe you just put things on hold for awhile, but it's completely up to you. 
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 27, 2011, 03:15:24 pm
I can't find deals either, which is why I am looking to partner with someone who can. The situation I am in now is that I don't have means of transporting myself around to where the deals are. I could probably find a deal somewhere. I am just in a bad position right now where I can't  get to where the deals are located.
3 words. 3 feet from gold. excellent read. I was in your shoes not too long ago. My father and uncle are in to real estate and i just couldnt get a deal done to save my life. This went on for a little over a year, I just recently closed on my first wholesale deal for $5000. Success favors those with tenacity.
Title: Re: Time to give up real estate investing?
Post by: tentalentsinvestor on July 27, 2011, 03:38:27 pm
No excuses...where there's a will there's a way. If you have a friend w/ a car, work on deals via Internet, realtors etc. And when it's time to see the property ride w/ a friend or take public transportation. I don't think your making enough offers. I posted bandit signs, put up flyers and generated no leads. Since I started making calls from FSBO signs, Craigs lists and other sites making offers, I've been negotiating deals almost daily. Stay motivated. There's an abundance of opportunity everywhere, but don't give up. Just try a different route. Get out there, network, talk to investors in your neighborhood and just get active the best way you can. And I'm from the hardest market, NYC. Stay hungry!
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 27, 2011, 03:53:18 pm
I don't have friends or family I can turn to help me out as far as taking me to hunt for deals.
No excuses...where there's a will there's a way. If you have a friend w/ a car, work on deals via Internet, realtors etc. And when it's time to see the property ride w/ a friend or take public transportation. I don't think your making enough offers. I posted bandit signs, put up flyers and generated no leads. Since I started making calls from FSBO signs, Craigs lists and other sites making offers, I've been negotiating deals almost daily. Stay motivated. There's an abundance of opportunity everywhere, but don't give up. Just try a different route. Get out there, network, talk to investors in your neighborhood and just get active the best way you can. And I'm from the hardest market, NYC. Stay hungry!
Title: Re: Time to give up real estate investing?
Post by: Delondon on July 27, 2011, 09:13:52 pm
Check this out bro, if you feel that you want to quit, then quit, don't come here expecting people to wipe your tears. Its a doggy dog world, and if you don't have the drive that it takes to take just a little action, I have no clue what to tell you , but I tell you this, there are still going to people coming out of the rut with no wheels. You can do everything from home if you want. You have to have some type of money coming in because if not you would not be on the internet, nor would you have to energy to type because you would be hungry due to lack of food.  :brow

Dust your self off and get back at it. Get a myFax account, last time I checked, it was 10-20 bucks a month. Send out the contracts to the sellers once you have a potential deal. If it is that good, you wont need a car, the buyer would come ot you with a $1000 binder deposit, trust me, its done everyday. So its really up to you. This business is not for everyone, its not meant for everyone to be a bigtime money maker. If it was who would cut my grass, wash my car, or fix my whopper my way. lol.  :banana
Title: Re: Time to give up real estate investing?
Post by: chunkoftheearth on July 27, 2011, 09:19:47 pm
Tbodley, you need to go freakin' Andre the Giant on this business!

I wonder, did you have a car last year?  If yes, then what is the problem?

Remember, winners do things that losers refuse to do!

If you don't have a car, get a bike! Take a bus!

I'd suggest to mindfeed everyday.  Positive messages.  Read inspirational books on real estate.

There are just TOO MANY people out there who made it from nothing.  Take Oprah for example.  She grew up on a farm in the middle of nowhere!  She was abused as you know and had NOTHING.  I think you know how that turned out.  

So use your pain as motivation to achieve, brother.  Get out there and do some deals, and stop your whining!!! It's giving me a rash.

Hope this helps.
Title: Re: Time to give up real estate investing?
Post by: Delondon on July 27, 2011, 09:25:04 pm
Sombody give this guy a baby wipe or something. lol.  :biggrin  But seriously, you can do it if you really want it. Just cant give up. And I forgot to tell you, you don't have to dominate the who city in a day, but make sure you are doing something to build your business daily.
Title: Re: Time to give up real estate investing?
Post by: chunkoftheearth on July 27, 2011, 09:33:23 pm
**Chunk hands T a baby wipe**

Check out the Rags To Riches book from Russ Whitney.  It's old, but its good.  Mindfeed and read.  Come to these boards to broaden your skills too.  Because if you only understand wholesaling for example and thats all, you'll cut yourself out of a lot of profit.  So pick up a book and learn more.  Last, I've made this suggestion with others but I think it bears repeating.  In my opinion the absolute best way to learn new real estate deals is by shadowing someone who is already doing it.  Offer to do mundane jobs for them like getting back to phone calls, putting up flyers, whatever.  You will excellerate your learning of different deals, the handling of sellers, negotiations etc MUCH faster.  So you offer your time for free for an investor.  Then, lets say he gets a lease option deal signed up, you offer to market that house for him using his money to do it, then when he finds a tenant/buyer he gives you some cash to find and screen them.  Win-win solution.  You dig?
Title: Re: Time to give up real estate investing?
Post by: Delondon on July 27, 2011, 09:51:53 pm
Man that is to much work. It may be good for you, but not my cup of tea. lol. Seller and buyer bandit signs are truly the business. Put up about 50 signs. Handwritten, 3 bed 2 bath $19,000 Cash 843-xxx-xxxx. Put out 25 tomarow, and 25 the next day. The higher you get them the better, Put out atleast 70 around you city and you will find a horde of cash buyers. get Google voice number and put a voice over on it. 5 bucks from fiverr.... Google voice is free. Instruct the caller to leave their Name, Phone Number, and email address. It works everytime i tell ya.  :dance Here is a video that helps you set up the whole process:  http://www.youtube.com/watch?v=9fE3LNGWemQ

Once you have them in your google voice inbox, You have them for life. get more homes under contract, and blast the list via, email and text message. Texts message marketing is the business. Good thing about google voice is you dont have to pay for an SMS company to send out text messages. The most you will have to do is copy and paste the text message 100 times if your buyers list has 100 buyers in it. Then since you have gathered their email address, you blast out an email message to them with the click of a button. Tell them how to get in contact with you if they go to the property and are interested.

This way you dont have to speed all your time trying to sift out window shoppers. If they want it, they will have all the details to get it. Just my 2 cents.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 27, 2011, 10:33:44 pm
I had a ride last year and it was not broken down like it is now. Last year I had no interest in real estate investing and was not trying to pursue that. Last year I was looking for regular 9 to 5 careers related to my degree.

Yes I know Oprah's story of a hard life and how she went from rags to riches. She is inspiring.  Bike? Bus? C'mon man you may want to get serious about that. I haven't rode a bus in years and I don't have a bike. Buses where I am from don't run in certain areas and it takes way too long to get where I need to go because they make stops everywhere else but where you need to go. That means sitting at the bus stop for what feels like eternity on a super hot summer day down here where I'm from.

I'll keep in mind winners do what losers won't do. My pain is what got me interested in real estate investing in the first place. Again sorry if it sounds like I am whining. I do want to make it big. I am not use to any other ways to make it  big other than the way I been learning how to make money in the real estate investing business.
Tbodley, you need to go freakin' Andre the Giant on this business!

I wonder, did you have a car last year?  If yes, then what is the problem?

Remember, winners do things that losers refuse to do!

If you don't have a car, get a bike! Take a bus!

I'd suggest to mindfeed everyday.  Positive messages.  Read inspirational books on real estate.

There are just TOO MANY people out there who made it from nothing.  Take Oprah for example.  She grew up on a farm in the middle of nowhere!  She was abused as you know and had NOTHING.  I think you know how that turned out.  

So use your pain as motivation to achieve, brother.  Get out there and do some deals, and stop your whining!!! It's giving me a rash.

Hope this helps.
Title: Re: Time to give up real estate investing?
Post by: javipa on July 28, 2011, 12:27:00 am
Where is this endless, black hole of dread, impossibility thinking, and woe is me thread leading to...?  Just asking...  :banghead    :banghead    :banghead    :banghead  :flush
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 28, 2011, 12:54:42 am
Yes there are more ways  to profit. I only chose wholesale as a stepping stone because it is supposedly a fast and easy way to make a nice hunk of change. I don't plan to stay with wholesaling forever and ever. It was only meant as a start then move on.
**Chunk hands T a baby wipe**

Check out the Rags To Riches book from Russ Whitney.  It's old, but its good.  Mindfeed and read.  Come to these boards to broaden your skills too.  Because if you only understand wholesaling for example and thats all, you'll cut yourself out of a lot of profit.  So pick up a book and learn more.  Last, I've made this suggestion with others but I think it bears repeating.  In my opinion the absolute best way to learn new real estate deals is by shadowing someone who is already doing it.  Offer to do mundane jobs for them like getting back to phone calls, putting up flyers, whatever.  You will excellerate your learning of different deals, the handling of sellers, negotiations etc MUCH faster.  So you offer your time for free for an investor.  Then, lets say he gets a lease option deal signed up, you offer to market that house for him using his money to do it, then when he finds a tenant/buyer he gives you some cash to find and screen them.  Win-win solution.  You dig?
Title: Re: Time to give up real estate investing?
Post by: Gold River on July 28, 2011, 06:06:16 am
Hi,

    If it were easy everyone would do it! If it were easy it would not have huge rewards! If it were easy it would not build character and enderance! If it were easy would it be worth doing!

Every person here went through long periods of doubt, but we all got over it and went on, we perseveared, we set a goal and we stayed with it day and night every single day until we could taste it, we could smell it and we could see success on the horizon!

We were not losers, quiters or procrastinators, we did not complain (At least not very much) and we went on until we found success days, weeks, months, years and decades! We did what ever it takes to be successful!

In my early days of investing I would go 3, 4, 6 or 8 months or more without a deal, we did not have internet in 1979 or 80, there was no one to network with and no one to support investing, yet we pushed for success!

If you have come to the end of your rope and can truly say "I gave it my best" then walk away and good luck to you!

But if you have any incling you did not do enough, that you will regret for the rest of your life not pushing forward through the pain, through the bottom low times and if you don't believe for a minute that your a quitter, a wash out and a failure then you need to dig deep and you need to find the resources and create a plan to be successful!

You can do it, but it takes more than one day, one deal, one week, 10 deals, one month, 50 deals or one year five hundred deals as you just have to stay until you hit that first success, that first payday, that first taste of success and that first ah moment, to know you can make it work for a life time!

If it takes 10 years to make that first $20k, then you made $2k a year to learn, but what ever it takes it will be an experience and a wild ride like no other and you will never regret that first 50 years of learning!!!! lol

Good luck,

                 GR
Title: Re: Time to give up real estate investing?
Post by: tentalentsinvestor on July 28, 2011, 09:26:52 am
TBodley...We will no longer respond to self-pity. See a counselor or even better a good Faith speaking Church and have a good pastor pray for you. You need inspiration, courage and hope and you wont get that in real Estate investing. You need to do some serious soul searching because I personally sense that you are disconnected from your overall sense of purpose in life. You are looking for a fast way out and RE investing is not that, no matter WHAT some guru told you. It takes dedication, persistence and conviction. Seriously, find yourself a Faith church and get some prayer and look within to see what is it you REALLY are looking for in life. REI will never fill that void.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on July 28, 2011, 11:41:00 am
I appreciate that. It kind of  seemed like something was about to look up for me. You may want to check your inbox again for July 27.
Hi,

    If it were easy everyone would do it! If it were easy it would not have huge rewards! If it were easy it would not build character and enderance! If it were easy would it be worth doing!

Every person here went through long periods of doubt, but we all got over it and went on, we perseveared, we set a goal and we stayed with it day and night every single day until we could taste it, we could smell it and we could see success on the horizon!

We were not losers, quiters or procrastinators, we did not complain (At least not very much) and we went on until we found success days, weeks, months, years and decades! We did what ever it takes to be successful!

In my early days of investing I would go 3, 4, 6 or 8 months or more without a deal, we did not have internet in 1979 or 80, there was no one to network with and no one to support investing, yet we pushed for success!

If you have come to the end of your rope and can truly say "I gave it my best" then walk away and good luck to you!

But if you have any incling you did not do enough, that you will regret for the rest of your life not pushing forward through the pain, through the bottom low times and if you don't believe for a minute that your a quitter, a wash out and a failure then you need to dig deep and you need to find the resources and create a plan to be successful!

You can do it, but it takes more than one day, one deal, one week, 10 deals, one month, 50 deals or one year five hundred deals as you just have to stay until you hit that first success, that first payday, that first taste of success and that first ah moment, to know you can make it work for a life time!

If it takes 10 years to make that first $20k, then you made $2k a year to learn, but what ever it takes it will be an experience and a wild ride like no other and you will never regret that first 50 years of learning!!!! lol

Good luck,

                 GR
Title: Time to give up real estate investing?
Post by: AlfredSteve on August 03, 2011, 10:38:47 pm
You are right in this way because the general approach towards investing is not sufficient.But i think that it is the best time too because prices are very lower and if we do investment and wait for the boom period then our investment will give us multiple time profit.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on August 04, 2011, 01:21:46 am
That is why I want to get a hold of every piece of cheap property I can get a hold of.
You are right in this way because the general approach towards investing is not sufficient.But i think that it is the best time too because prices are very lower and if we do investment and wait for the boom period then our investment will give us multiple time profit.
Title: Re: Time to give up real estate investing?
Post by: Travis Derod on August 23, 2011, 11:50:55 am
You need to change all of your "excuses" into "reasons" WHY you should get going!
Title: Re: Time to give up real estate investing?
Post by: xpandergt on September 02, 2011, 09:13:43 pm
Where there is a will, there is a way.
Title: Re: Time to give up real estate investing?
Post by: nsu1997 on September 05, 2011, 11:48:21 am
"If you don't want to do something, one excuse is as good as another."
~Yiddish Proverb
Title: Re: Time to give up real estate investing?
Post by: javipa on September 05, 2011, 12:17:31 pm


"If you don't want to do something, one excuse is as good as another."
~Yiddish Proverb




http://youtu.be/Jal4OkZtz8g
Title: Re: Time to give up real estate investing?
Post by: nsu1997 on September 05, 2011, 01:07:36 pm


"If you don't want to do something, one excuse is as good as another."
~Yiddish Proverb




http://youtu.be/Jal4OkZtz8g

Priceless.

Another one for the excuse-makers: http://www.youtube.com/watch?v=obdd31Q9PqA
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on September 08, 2011, 07:05:04 pm
Great video. That guy is a beast. Who is he? Maybe it is just me, but that guy doing all the talking sounds a bit like MC Hammer.


"If you don't want to do something, one excuse is as good as another."
~Yiddish Proverb




http://youtu.be/Jal4OkZtz8g
Title: Think outside the box
Post by: lauraalamery on September 09, 2011, 01:34:37 pm
After being in this business and surviving a couple of recessions, I can say that the investors who survive in this business are great problem solvers and are not afraid to think outside the box (and keep it legal  :biggrin)

Take it as a challenge, explore, try new approaches, but don't give up. You will become a leader in the industry and you will have followers.
Title: Re: Think outside the box
Post by: tbodley74 on September 09, 2011, 08:28:02 pm
Thanks. I admit this is a very challenging business to be in.
After being in this business and surviving a couple of recessions, I can say that the investors who survive in this business are great problem solvers and are not afraid to think outside the box (and keep it legal  :biggrin)

Take it as a challenge, explore, try new approaches, but don't give up. You will become a leader in the industry and you will have followers.
Title: Re: Time to give up real estate investing?
Post by: chickx729 on September 13, 2011, 04:02:33 pm
It took Thomas Edison over 900 tries to invent the light bulb.  You miss 100% of the shots you don't take.  Go to deangraziosi.com for inspiration. Find Carol Stinson on that site.  She is amazing, she never leaves her house!  Watch the Dean's weekly video blogs.  Start at the very first blog.  Watch them all, I did.  You'll get motivated if you continue to be around and communicate with people that are positive.  I haven't done a deal yet but am still working towards it. 
Title: Re: Time to give up real estate investing?
Post by: justin0419 on September 13, 2011, 06:50:18 pm
Even better, search for Dean ******** on here.. :)
Title: Re: Time to give up real estate investing?
Post by: moziah1 on September 20, 2011, 12:35:55 pm
Quit!  Point blank.  Sometimes we need to address certain necessities in our lives before we can accomplish other endeavors.   Don't worry, real estate will still be here.  I was at a low point of my life when I read "Rich Dad Poor Dad".  You know what I did?  I joined the National Guard, became an Xray Tech, paid all of my bills and purchase my first investment property.  That took a little over 2 years.  In addition to that, I completed my BA degree and received an RE appraisal license.  Im no smarter than you, trust me, but I've always taking initiative.  So hey, see you in the next year or two.

What's the maximum effective range of excuses?  ZERO - excuses go no where!
Title: Re: Time to give up real estate investing?
Post by: cindydm on November 15, 2011, 08:47:16 pm
Not having wheels does not prevent you from doing deals. I have an inherited car right now city in my garage. I have not driven since the 90s.

That did not prevent me from looking for deals and it should not stop you. Why don't you just wholesale other wholesaler's deals. Sign a non-circumvent agreement that you won't go behind their back and use an option. The option lets you market their deal without them having to worry about the property being tied up and them not being able to sell. Wholesalers may not care that you market their deal as long as their is no loss or risk. There is plenty of room in the deal anyway if it is priced right. Stop letting things get in your way. You can do this.



Title: Re: Time to give up real estate investing?
Post by: tbodley74 on November 16, 2011, 05:17:51 pm
Is that non-circumvent like that option to purchase you told me about?
Not having wheels does not prevent you from doing deals. I have an inherited car right now city in my garage. I have not driven since the 90s.

That did not prevent me from looking for deals and it should not stop you. Why don't you just wholesale other wholesaler's deals. Sign a non-circumvent agreement that you won't go behind their back and use an option. The option lets you market their deal without them having to worry about the property being tied up and them not being able to sell. Wholesalers may not care that you market their deal as long as their is no loss or risk. There is plenty of room in the deal anyway if it is priced right. Stop letting things get in your way. You can do this.




Title: Re: Time to give up real estate investing?
Post by: VanDyne on November 26, 2011, 05:11:54 pm
I can identify with you. I've tried for 20+ years to get into R/E full time. I've only managed to buy 3 properties and sell 2. All of which I've had to live in while fixing them up. I made money two of them and the third I'll be selling within the next 6 months.

This is what helps me in situations such as yours..

I spend several hours (several to hundreds of hours) thinking about all the reasons why I haven't been able to do it (R/E). Then I think about more reasons why I haven't been able to do it. Then I think of even more reason why I can't do it. After that, I think of new reasons why I can't  do it. After I do all this thinking my mind goes blank to all the reason why I can't and I automatically start thinking of ways around all those reasons. My entreprenuerial self kicks in to problem solve. It's helped me make millions of dollars for companies I've worked for. I have to figure it out on how to make myself millions.

An idea for you: do some bird dogging. You can do most of that on the phones. When you get a few dollars buy a motorcycle. It cost a lot less and is cheaper to operate. On bad weather days you can't get out but you're not getting out now.

I hope this helps.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on November 26, 2011, 07:56:46 pm
I know it just su cks for people like us to go out there day after day working hard only to make companies millions while you are getting bits and pieces out of those millions. My entreprenuerial side is kicking in right now. I just don't have all the time and support I need to follow through. I work quite a bit from my current day job, which leaves me with very little time to go into real estate investing full time. Then there is my lack of support from my folks. That is why I haven't mentioned to them how I want to get into real estate investing because I already know the outcome.

I tried birdogging once but the investor I was birddogging for was never pleased with the deals I brought in. He was way picky about what house to look for and not look. Right now I am thinking of a way to make money by finding buyers for investors who have deals and no buyers.

I always wanted a motorbike every since I was a teenager, but I never had the money or the training to ride one of those things. Some people say they are easy to operate and some say it is not so easy to ride.

I can identify with you. I've tried for 20+ years to get into R/E full time. I've only managed to buy 3 properties and sell 2. All of which I've had to live in while fixing them up. I made money two of them and the third I'll be selling within the next 6 months.

This is what helps me in situations such as yours..

I spend several hours (several to hundreds of hours) thinking about all the reasons why I haven't been able to do it (R/E). Then I think about more reasons why I haven't been able to do it. Then I think of even more reason why I can't do it. After that, I think of new reasons why I can't  do it. After I do all this thinking my mind goes blank to all the reason why I can't and I automatically start thinking of ways around all those reasons. My entreprenuerial self kicks in to problem solve. It's helped me make millions of dollars for companies I've worked for. I have to figure it out on how to make myself millions.

An idea for you: do some bird dogging. You can do most of that on the phones. When you get a few dollars buy a motorcycle. It cost a lot less and is cheaper to operate. On bad weather days you can't get out but you're not getting out now.

I hope this helps.
Title: Re: Time to give up real estate investing?
Post by: VanDyne on November 28, 2011, 11:44:35 am
I'm sorry this got a little long.

I mentioned to my folks when I first was getting into R/E they didn't neg me out but it was what they didn't say or their nonverbals. Shortly after came the isolation from the family. I had an abusive father and older brother so it didn't really bother that much.

I finally "drew a line in the sand." At first it was for the mental and physical abuse that continued well into adulthood. But, into other areas of my life including work life.

I no longer wait on others. And, some of this might be that I'm getting older. But, I've also appeased others way to much over the years and now everyone expects me to bow down. I don't know. I'm now doing what I feel is best for me. Living in Missouri I always seem to be unemployed getting laid off every other year. I've been unemployed for 8 months this time. So I told my wife I've expanded my search nationwide. I'm starting to get a few calls but it's still early. She tells me well I'm staying here to raise the grandkids. Now I've drawn the line. I inform her I've raised my kids. I've got to go where I can get a career and make money. (I've never really liked Missouri any ways) So when I get a job out of state I'm gone and she's going to stay to raise grandkids. And, yes I'm making her stay to raise the grandkids until the last one is in school. Oh, we just had one grand son in Aug and have 2 more due this spring. "Line in the sand" and I'm no longer waiting on others. 

Tbodley74 if you take a real close look at all the R/E guru's you'll finally see that they all say the same thing. They all keep the true vidal information to themselves otherwise they would develop people who would be competing against them. One rule I learned in business is that proprietary information must be safe guarded or you'll be out of business. So the R/E guru's only release bits and pieces of that information. You can go to Barnes and Noble and buy a Robert G. Allen R/E book or Robert K.'s book and have all the information they are willing to share. The rest you must learn through experience.

Do what is right for tbodley74 and when you are at least half way successful people will listen to you and seek your advice. When you are making a lot of money you won't be able to get rid of them.

One thing I noticed over the past few years is that when I was making over $50K year and getting 4 and 5 digit bonuses on top of my salary I had a lot of friends and family around me. Now I'm unemployed and the bank accounts are empty there not around.

There is a reverse trike that is very easy to handle. Safer in bad weather if you're caught out in the rain. That's on my list of things I want when I'm back on my feet.

I hope what I shared will help you in some way or maybe others who will read this. We have to find our own way. I try to learn from everything I read, see and experience. When I get knocked down I pick my own self up, dust my self off, adjust my attitude, and go at it again.
Title: Re: Time to give up real estate investing?
Post by: tbodley74 on November 29, 2011, 12:43:55 am
Sorry to hear about your rough life growing up. I admit I made some mistakes as we all do. The problem is my folks will hold my past mistakes over my head for a long time no matter how long ago it was or the fact that I have learned my lesson and moved on. My past mistakes will always be thrown at me. I then fall prey to all the negative stuff they may say about whatever plans I have to make money if it does not include making money from a 9 to 5.

All RE gurus does seem a lot a like now that you mentioned it. I read Ron Legrands book and some e books by other wholesale investors. I felt like I could go out and make something happen from just reading those books.  About those money hungry friends, that is why I do not associate with them. This is a good way to tell who your real friends are when you are down on your luck. I am still tempted to go out there and start real estate investing all without a mentor.
I'm sorry this got a little long.

I mentioned to my folks when I first was getting into R/E they didn't neg me out but it was what they didn't say or their nonverbals. Shortly after came the isolation from the family. I had an abusive father and older brother so it didn't really bother that much.

I finally "drew a line in the sand." At first it was for the mental and physical abuse that continued well into adulthood. But, into other areas of my life including work life.

I no longer wait on others. And, some of this might be that I'm getting older. But, I've also appeased others way to much over the years and now everyone expects me to bow down. I don't know. I'm now doing what I feel is best for me. Living in Missouri I always seem to be unemployed getting laid off every other year. I've been unemployed for 8 months this time. So I told my wife I've expanded my search nationwide. I'm starting to get a few calls but it's still early. She tells me well I'm staying here to raise the grandkids. Now I've drawn the line. I inform her I've raised my kids. I've got to go where I can get a career and make money. (I've never really liked Missouri any ways) So when I get a job out of state I'm gone and she's going to stay to raise grandkids. And, yes I'm making her stay to raise the grandkids until the last one is in school. Oh, we just had one grand son in Aug and have 2 more due this spring. "Line in the sand" and I'm no longer waiting on others. 

Tbodley74 if you take a real close look at all the R/E guru's you'll finally see that they all say the same thing. They all keep the true vidal information to themselves otherwise they would develop people who would be competing against them. One rule I learned in business is that proprietary information must be safe guarded or you'll be out of business. So the R/E guru's only release bits and pieces of that information. You can go to Barnes and Noble and buy a Robert G. Allen R/E book or Robert K.'s book and have all the information they are willing to share. The rest you must learn through experience.

Do what is right for tbodley74 and when you are at least half way successful people will listen to you and seek your advice. When you are making a lot of money you won't be able to get rid of them.

One thing I noticed over the past few years is that when I was making over $50K year and getting 4 and 5 digit bonuses on top of my salary I had a lot of friends and family around me. Now I'm unemployed and the bank accounts are empty there not around.

There is a reverse trike that is very easy to handle. Safer in bad weather if you're caught out in the rain. That's on my list of things I want when I'm back on my feet.

I hope what I shared will help you in some way or maybe others who will read this. We have to find our own way. I try to learn from everything I read, see and experience. When I get knocked down I pick my own self up, dust my self off, adjust my attitude, and go at it again.
Title: Re: Time to give up real estate investing?
Post by: Southflorida561 on January 17, 2012, 02:52:41 pm
I have to agree with the others on this post. You have to be motivated and not willing to give up.
Two weeks ago, I knew nothing about wholesaling, but after going to a few wholesaling websites such as http://www.wholesalingrealestate101.com and http://www.flipthiswholesaler.net/. I was able to get a several cash buyers, few title companies that do double closing, a real estate agent that knows a little bit about wholesaling. I just now ordered some bandit signs to find some motivated sellers.

At the end of the day, you have to really want it. You get what you put in. And to remind you, I'm also low on cash and working part time.
Title: Re: Time to give up real estate investing?
Post by: bossladyjack on January 18, 2012, 08:54:03 pm
What do you mean "without a mentor"?! You have a giant population of mentors of all levels right here! What actions have you taken?  A used motorcycle is a great idea. Apparently, you have access to the internet, go on craigslist and find one, pay the guy 20bucks to teach you the basics, and figure it out. If you can drive a standard you can ride a bike.  I just learned how and the first time I layed it down but haven't since. Can't afford the bike? Get a job! I'm waitressing right now, I make about 1200 a month, and it's not the easiest work for the money. But it's a job, and I'm happy to have one. One month of work and you'll be able to get some wheels. Great way to network. And it put me through real estate school and I am now working at a shortsale/foreclosure specialist company. Keep it up TBodley, make a plan every morning for that day and stay on your weekly and monthly goals!