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Updated almost 8 years ago on . Most recent reply

User Stats

21
Posts
17
Votes
Daniel Preston
  • Insurance Agent
  • Richmond, RI
17
Votes |
21
Posts

Writing solidifies action - my introduction

Daniel Preston
  • Insurance Agent
  • Richmond, RI
Posted
Hi BP, Long time lurker, finally working my way towards action after years of analysis paralysis and timidness. After listening to the first 25+ BP podcasts in the past week (I dive a LOT for work), I'm taking @Joshua Dorkin and @Brandon Turner's 'quiccckkkk tippppp' advice and introducing myself in hopes of solidifying​ my plans going forward and meeting other members. I've been a commercial insurance agent for about 10 years now, living in Rhode Island and commuting over the line to work in CT. But god honestly, I've never had a passion for the work I do. However, while I recognize the importance of a highly compensated career that provides for me and my family, I think it's important to love what you do and have a passion for it. Hence why I'm here. After reading Rich Dad Poor Dad years ago, I developed a huge fascination for both real estate and investing, and the opportunities they hold. Unfortunately, living in such a bad local real estate market (Rhode Island is HURTING in many areas), I always found myself making excuses to wait longer, research more, do more calculations, plan to move, etc. But once I stopped and realized what I was doing (coming up with excuses), I made a commitment to change that. Just last week I signed up for my real estate licensing exam (weighed both the pros and cons heavily) with the intent of learning even more, while also gaining access to the local MLS. I think that commitment will help with the private money lenders I have access to, as I start flipping houses to build up cash reserves and invest down the line out of state in a better market. My goal is to find enough work on the real estate side to replace my income as an insurance agent. I believe it's possible, and I know will take a LOT of work! Wow... writing that goal took a lot more out of me than I thought! Strange to actually see it in writing. Anywaya, I would love to hear your story if you can relate and thanks for an awesome community! Dan Wow... typing that was a lot harder than I thought!

Most Popular Reply

User Stats

96
Posts
52
Votes
Matt Romano
  • Realtor
  • Warren, RI
52
Votes |
96
Posts
Matt Romano
  • Realtor
  • Warren, RI
Replied

Hey @Daniel Preston Welcome aboard to the BP forums. I can 100% relate to your situation as far as not being passionate about your current line of work. And, I too was a long time lurker before finally introducing myself here. Networking is a huge part of anyones business if they're trying to make a living with REI. Congrats on the plunge in signing up for the license exam! A big step for sure. I agree that Rhode Island in general is by no means a true investor friendly market (especially compared to other markets). Thats not to say it cant be done, it just has to be a bit more strategic as far as Im concerned. I attended my first RIREIG meeting last month, and highly recommend attending as it can provide some incredible networking opportunities, I had the pleasure of meeting @Anthony Thompson there, along with quite of few other BP members, from beginner to veteran. You definitely have a drive in you that is going to help you succeed. I can relate to that in many ways. I am a complete beginner myself, currently in the market for a duplex around my area.  Feel free to PM me if you'd like to connect though.  Looking forward to chatting with you, and again, welcome to the forums :)

  • Matt Romano
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