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I have a great working relationship with most of my co-workers and good friendships with three of them. It seems that even though we see each other daily it is hard to keep up with what is going on in each others lives. We make it a point to have lunch as often as possible or to go to a happy hour after work Reshad Jones Jersey , but so often it seems that we end up talking about work. For more details go to: www.tailgating-recipe The last time we went out to a happy hour we started talking about doing some type of activity together. One of my friends mentioned that she was going to sign up for some cooking courses offered through community education. She thought it might be fun if we would do this together. The cooking courses were to concentrate on making thirty minute meals that were above average in taste and presentation. We decided that this would be fun as well as helpful in our lives. The first evening of the cooking courses found the four of us putting on hair nets and aprons. Of course we all thought this was quite funny. We knew we had joined a serious class when the instructor threatened to separate us. Instead of being a fun activity where we could enjoy each others company the cooking courses became quite stressful. The first night the instructor timed us as we cut up onions and vegetables for the stir fry dish that we were making. She had a timer with a bell along with a whistle to make sure we all dropped our knives when she said that the time was up. At our first break we went outside to get some fresh air. One of the other students heard us talking about how serious the course was. She said that she had taken other cooking courses and that they had been a great deal of fun and more laid back. For help visit: www.apples-recipes she thought that the instructor was filling in for someone else. We made it through the first night. I did learn a few ways to cut off time in meal preparation but I was not that excited about going back. At work the next day we all agree that we would go the next week and if things did not improve we would skip the rest of the cooking courses and spend the time having drinks and dinner. The next week there was a different instructor for the cooking class. She was a great deal of fun and had all of us laughing as we prepared short cut meals that could be frozen for later use. The evening flew by. It is amazing the difference the personality of the instructor can have on how much you enjoy a class as well as on how much you learn. The rest of the cooking courses were taught by the fun instructor so we kept going and learned a great deal. http:www.chicken-wing-cookbook http:www.404self-improvement-tips A few weeks ago one of our buyers called me in a frantic. He is a new investor and recently purchased 2 properties and one property wasn?t rented yet and the other just went vacant. He expressed to me his doubts about investing in rental property.
As I listened to his concern, I reflected on how I got started investing in real estate. As I thought about that experience and what I?ve learned since Minkah Fitzpatrick Jersey , I was reminded that to be successful investing in real estate (among other things) there are 3 essential things to learn. I?d like to discuss those 3 things in this article:
It was 1997 and the year was coming to an end. My wife and I were flat broke and in debt. I remember it like yesterday. It was New Year?s Eve and I turned and looked at my wife as the ball fell and told her this is going to be my year. I decided I wanted to get into real estate investing. I bought RE investing course off the TV. I started getting up at 5:00 am and reading every book I could get my hands on. I also began reading the classified ads in the newspapers and started calling on everything that looked interesting (whether I could afford it or not). I found a realtor that specialized in apartment buildings and he helped me secure creative financing.
By May of 1998, I had acquired three apartment buildings (4 unit Custom Miami Dolphins Jerseys , 6 unit and an 8 unit). Two of them were about 30 minutes from my house and the other about an hour away. I choose to manage them myself. At first, I was excited about owning them and looked forward to handling repairs and managing tenants. That is until the upstairs shower had a leak and eventually the floor fell through to the lower unit. My excitement turned to frustration.
To make matters worse Throwback Miami Dolphins Jerseys , I had a tenant from hell! She was an elderly lady that had lived in her unit for almost 20 years and she absolutely drove me nuts. Being the new investor that I was and trying to manage my own properties, I made the biggest mistake ever?I gave her my home phone number! She called every single night at 1 or 2 in the morning to complain about the partying tenants above her. She could have just called the police but I think her mission is life was to drive me crazy. It wasn?t long until she succeeded and I wanted out! I called the realtor who I had purchased the properties from and sold them all after having owned them for less than a year.
I walked away from real estate until 2004 when I learned that those same properties were worth well over a million dollars each! (I had only purchased them for an average price of $240 Authentic Miami Dolphins Jerseys ,000 each). Looking back at this experience, I?ve learned 3 lessons the hard way that have made all the difference in my RE career and life: