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Posted over 7 years ago

Are you a poser?

When I was a young punk, I was into skateboarding. We had a term for people that bought the right clothes, had a board, but didn’t learn much about riding – they were posers. They posed – they looked the part but they didn’t walk the walk.

Now that that I’m older (I’m still a punk, just not young anymore), it occurred to me, am I a poser? Do I look like an investor – or am I really doing it?

See I’ve been in the investor community for some time. I got my first house to flip back in 2000. Since then I’ve done lots of different things, built up a little portfolio, been a property manager, learned about up and down markets, seen people come and go.

Years have gone by. My recent accomplishments have been pretty limited. I’ve got a shelf full of courses. I’ve had my head in the local investment groups. In most ways I look the look. But am I walking the walk – or have a stumbled? In many ways I’m not so different from someone who’s new to investing.

What about you? Do you have goals in writing? Are they specific? Are they dreams or goals? Do they determine what you’re doing this week?

Are you tracking on new leads (assuming you aren’t just managing a mature portfolio)? Do you have a marketing plan? Are you poised to take your investing to the next level?

My answers to these questions are not so good. My goals are a little vague, my marketing is a little scattered, and my lead follow-up is spotty. My weeks are at times on track and at times derailed by so many life things that distract from where I want to be.

Thus begins this blog. I want to use this space to get myself on track and walk through things. This is meant to be a window into an investor taking action or at least struggling to do so. The blog is a frank look at what’s going on so that we can all learn together what it looks like to be an investor in the trenches – day to day. My plan is to put up a blog entry about every 2 weeks.

So let’s work through this together so we aren’t just a bunch of posers!



Comments (7)

  1. @Jeff Rabinowitz

    Excellent points about being vague. Goals can quickly slip into dreams if they aren't specific.

    "Make the penalty for not performing painful" - also good!


  2. Jay.

    Good stuff.  I'm a newbie, but maybe a poser too.  Bought my first Multifamily and property in general a year and a half ago.  Squirreling away every dime since to move on the next one.  I am trying to be smart and not sure where to go next.  Every time i write down a plan I realize it is not smooth.  "Invest in an up and coming neighborhood, but buy low" well no sh*t Sherlock.  I'm competing against everyone there...


    1. @Scott L. How about looking at houses others are not - less competition. Market for them.

      Also ask sellers about taking payments - lessen your need to squirrel away all those dimes! A rough plan is better than no plan or hoping that something falls into your lap.


      1. Not everyone needs a specific plan. For some plans are limiting but if you are one who needs plans I would disagree that a rough plan is better than no plan. A rough plan can lure someone into believing they are making progress when they really aren't. If you are one who thinks plans will help you I would suggest that most people I know who go that route make specific plans. For instance, your stated plan to put up a blog post about every 2 weeks is vague. What does that mean? Every 10 days? 14 days? 21? 28? Narrow it down and hold yourself accountable or find someone who will hold yourself accountable if you don't meet or exceed your goal. Make the penalty for not performing painful and you will not fail to perform very often. Best wishes.


  3. I love the terminology!  My REI also calls it "edutainment" when you show up, learn, but never buy.  I'm not a poser.  Maybe I don't look as cool as the kids at the skate park, but I've got goals (written down! referred to daily!!), a morning routine that sets me up for success (thank you Tony Robbins for your power hour routine), and a real estate portfolio.  You're right on track to make these kinds of changes so you can walk the walk!


  4. I have gained a lot of wisdom and insight making me feel confident that I can do this; I have written down my goals and they are specific; I have chosen my strategy; I decided how to finance, and it is doable. In my mind this is a go! My plan was to make my first purchase in 18 months, but I am starting to feel as though if I wait that long it won't happen. But if I go too soon I may crash. I am standing on the edge of the cliff peeking over ready to leap... Yes I know its not really a cliff its a well worn path but for some reason my mind and my feet are in conflict and my feet won't move....Is this fear? HELP I Don't Want To Be A Poser!


    1. @Marcella Sykes Keep after the education, that's for sure, but you do have to take action. You will learn far more when you buy a property - suddenly all the theory becomes real.

      I would suggest you not wait 18 months unless you have a real purposeful plan in waiting that long. I could see you need 90 days to get some ducks in a row, etc. How involved can your plans be that you need 18 months for them to unfold?

      I don't know your plan, but I'd at least get out there and start talking with sellers, put your marketing plan in place, etc. Put your questions on Bigger Pockets. Connect with a local investment group & talk to people getting it done right where you live. Go for it!