Late in 2013 I had a diametric shift in my mindset. I had always considered myself a real estate investor of some sorts. I had two rental properties, so that made me an investor right? These homes were "assets" right? Everyone in my inner circle thought so, or at least none of them stepped forward and said "You're a fool Kerry!"
Back to the shift in mindset, I was on a training trip to Livorno, Italy. Beautiful place, go if you get a chance. I was in my friends room, hanging out, and watching the latest epic episode of Game of Thrones. We were about 1/2 way through the show, and we started discussing real estate. He asked home many properties I own, and I proudly stated "Two!" Naturally, I returned the question, and he said....
I openly admit - I was stunned
I immediately began to back peddle, and stammer for words. I nearly felt ashamed. What had I missed that he hadn't? What did he know that I didn't?
My friend suggested I read Rich Dad, Poor Dad by Robert Kiyosaki. I ordered the book immediately upon returning home, and waited in anticipation for it's arrival. The book finally came, simple paperback, not too thick. Now I am not a big reader, I wish that I was. When I cracked open this book, it drew me in, and single handedly changed my life forever.
If you've listened to the Bigger Pockets podcasts, you'll note that a LOT of people mention this book when asked what their favorite real estate book is. All joking aside, there is a good reason for it.
For those of us who did not grow up with wealthy parents, the book does a superb job of teaching one the difference between an asset and a liability, how an investor views money, and eventually points the reader towards real estate. The book painted a very clear picture of exactly where I was sitting in my life, and that I was destined to be stuck in the "rat race."
After reading the book, I began scouring the internet for real estate investing guides, tips, books, etc. I then found Bigger Pockets (BP). BP has also caused me to have a huge shift in my mindset and outlook on real estate investing. The site simply is the world's best resource for real estate investing information. As I mentioned in our announcement on Facebook about the launch of Patriot Home Buyers, I will never be able to thank Josh Dorkin and Brandon Turner enough for everything that they've done for my family. Thank you guys!
That brings us more or less up to date. Patriot Home Buyers has formed, and we are on our way to buying our first investment property. Thank you so much to everyone in the community that has guided us to this point. God only knows that we will continue to lean on the BP community as time goes on.
Thank you BP!
Kerry Smith / Owner Patriot Home Buyers