Hello,
I just discovered this site today and found it to be very insightful. I'm a new investor and am very enthusiastic about meeting lots of people on this site.
I just attended the Real Estate Wealth Expo in SF over the weekend and I found the blogs elated to it really interesting. I too, agree that it was just a marketing ploy (of which I fell victim to) and Robert Kiyosaki was so dissappointing. I didn't even stay to hear Trump because I was so exhausted from all the other seminars and didn't feel I'd get much out of his speech. Anyway, these comments should probably be a reply to that post....
I'm looking for a REIC in or around the Santa Cruz area-I'll be moving to San Francisco in May, but I thought it would still be helpful to jump into some meetings asap.
Thanks
bummer to hear that the expo was just a big marketing ploy. glad to hear that you're jumping in to the RE investment world though!
welcome to the community! and best of luck with your move!
Deyl
Hi Deyl,
Your site looks great. How did you first get started in the real estate biz? Sounds like you're doing really good for having been in it for only 4 years-especially moving into commercial real estate.
I cretainly look forward to chatting with you more about all this.
Thanks
Lehua
Rich Dad, Poor Dad and the series are inspiring but they're not prescriptive, that's certainly true. But, in their defense, I've seen people pull the wrong messages out of them too--a lot of folks I've met think the message was "buy any real estate you can get your hands on, as fast as you can do it." That wasn't Kiyosaki's message. He said clearly to develop comprehensive and, to the extent possible, objective criteria for buying/selling decisions on real estate. A lot of people think they're geniouses right now because their real estate portfolio's blossomed. Hey, a monkey could have done well in this market. The ones who will be left standing after the market hiccups or dips will be the ones with a solid plan and rigid systems in place. <rant over>
That said, good to see you Deyl! You may want to check out a related thread: http://www.biggerpockets.com/forums/viewtopic.php?p=5121&highlight=nonprofit#5121
Jeff :welcome:
thanks for turning me on to that thread! i've been spending a lot of time thinking about doing deals to sponsor non profits lately.
I completely agree with you on people taking the RDPD thing way too far way too fast. For me the series was instrumental in understanding how to make your money work for you instead of working for your money. HUGE! Then the real estate book introduced me to the basics of RE investing.
Kiyosaki is always saying to surround yourself with people that are smarter than you (that’s easy for me :wink: ), invest with sound investment principles, and do your due diligence. I think people miss those parts and jump right in over their heads. Truth is, no one is going to learn to be a good investor from a book, it takes soaking up knowledge from people who have “been there done that” and experience. Fortunately, I’ve been surrounded with brilliant RE minds since I started. I continue to sponge up their knowledge!
I cretainly look forward to chatting with you more about all this.
Thanks
Lehua
Hi Lehua,
Thanks for your nice comments. I’ve been incredibly blessed with great mentors who have taught me tons in exchange for my working my butt off for them!
I actually never worked in residential, I just jumped into commercial acquisitions and development in So. California. I pursued a RE developer out of college until he finally conceded and gave me a job working for peanuts. He exposed me to a myriad of deals, structures, partners and ideas. INVALUABLE
After two years, I jumped over to be responsible for sourcing commercial acquisitions at an investment/development company. The only reason I got that job is from a personal recommendation of someone who saw the fire in my belly and my willingness to learn.
I’m now gleaning the wisdom from guys who have been in the biz for over 35 years doing awesome deals. I don’t have a degree in business or an impressive resume, but what I do have is passion, a love for people/relationships, a growing network, and a willingness to learn and ask questions. Those things will get you far!
Tell me about your involvement in the RE world. I look forward to continuing our conversation :D