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Posted over 11 years ago

Week 1

 Well, here I am at the end of my first week of actively researching the world of real estate investing, specifically wholesaling.  I have always had an interest in doing this, but I just never felt like it could actually be feasible for someone like myself.  I come from a background of people who work hard to make a barely acceptable living. Currently, I am a pipe welder who works in industrial and commercial settings in the Greater Chicagoland Area. I like to think I make good money, and I am the first person in my family to ever break the 100k a year mark as far as income.

      I didn't have any money to go to college and when I was 18 I enlisted in the US Marine Corps as a way to be able to eventually go, but after serving four years I got sidetracked with family, marriage, and other things and eventually ended up working full time instead of pursuing further education. Now, at 25 years of age I am unhappily employed and tired of working hard and building skills only to fill up someone elses pockets.

     Ok, enough of that...anyway, I have spent the last few weeks reading books on investing, attending seminars, trying to meet like minded newbies and seasoned investors alike, anyone who could help me with this journey, and pouring through countless blogs, ebooks and websites trying to absorb as much knowledge as possible.

       Throughout my short journey I have met and talked with many amazing people and I am really surprised at how positive and receptive people have been with me, given that I am completely new to this and have no experience or higher education. I have learned so many new things about investing, money, the economy, laws, taxes, markets, etc that I think my head is gonna explode! Most importantly, I found a mentor who perfectly matches up to my individual needs and decided to take the plunge and start my first ever course of study in wholesaling and I have never been so excited in my life! My mentor, along with all the other people who I have met have made me realize just how possible this can be and it has completely changed my attitude and outlook on life. I am 150% ready to get out there and get my first deal done! Its so close I can almost taste it! And all I have to do is keep my ears open, apply what I learn and mimic what people have already done and watch it unfold? Sounds way to easy if you ask me, almost silly, but maybe I am the one who has been acting silly by working myself into the ground all these years and having nothing to show for it except a check every week and a place to sleep at night. 

         I have read enough and learned enough that I think I am comfortable enough to start taking some action. Tommorow, I am going to start actively trying to build a team for myself and locate a good realtor to work with. I am also going to start looking at all those properties that I've been pouring over on the web and in my neighborhood, and seeing for myself what I have to work with. I guess the only other thing I need to work on at the moment is trying to create a buyers list, which honestly I have no idea how to even go about starting. I guess I just need to pick up the phone and start making calls. I hate talking on the phone, btw. I always have and I'm not sure why, but if I'm going to make it in the investing world, I am going to have to sit down with my phone and try to patch up our relationship.

       Anyway, thanks for reading my first ever blog post. I hope to get feedback from a multitude of different people and I think it will be very positive to hear what people have to say, good or bad I can use all the advice I can get. I will try to maintain this blog and write a new post every week, but honestly I hope that someday I am too busy dealing properties that I wont have time! Hopefully sooner rather than later, but I am patient and I want to make sure I do this the right way. See you next week, perhaps armed with even more knowledge and exciting(ha yea right) stories!


Comments (2)

  1. Thanks Darrell. I've never written a blog before it feels a little strange putting it out there lol but I'm glad I did...I hope I'm heading in the right direction. Like I said, I'm pretty new to Chicago...I know real estate agents and contractors back home but no one is interested in working with me down here. I'm sure I can call around and assemble a team myself, but I would like to find a partner to work with to start off with, just because I feel like there is strength in numbers, even if it might cut into your potential profits.


  2. Nice bro. Sounds like you are moving in the right direction. What are you looking for as far as team?