Newbie in Oakley, CA

5 Replies

Hello everyone,

My name is Derick White and I've been interested in Real Estate Investing (REI) since 2007 when I read the book Rich Dad, Poor Dad, by Richard Kiyosaki. I was "lucky" and purchased my first house, as a primary residence, in 2009 and now maintain it as a positive, cash flowing rental property. I recently sold my primary residence, will be debt free, and plan to use my equity gained on the sale to jump into the game. I met David Greene recently at one of his seminars and hope to learn from him and his book.

I've been married for 10 years and have 2 beautiful children, and attend Cornerstone Fellowship church in Brentwood, CA. I fully believe in the power of positive mindset, and that I can achieve anything I put my mind to - Think and Grow Rich, by Napoleon Hill taught me that.

My goals (some, not all):

1) Learn the BRRRR strategy out of State (eventually learning other strategies)

2) Blanked out per Forum Guidelines

3) Own 100 plus units (eventually apartment complexes) and retire sooner than later

4) Serve others and Teach everyone who wants to learn once I gain experience 

4) Invest in businesses (franchises)

5) Buy a Red Ferrari

I continuously focus on personal growth, leadership, and believe in the power of a team.

Some of my weaknesses are public speaking, introvert, and on occasion, indecisiveness – which sometimes causes me to stay within my comfort zone. Knowing this, I’ve begun taking steps to develop them and grow, one of which is attending toastmasters.

If anyone has tips or pointers to help me get started, please don’t hesitate to share.

Thanks,

Derick

Everything you want is on the other side of fear - George Addair

Derick welcome! You are definitely in the right place to achieve your goals. I would recommend listening to EVERY BP podcast (if you haven't already). 

@Derick White Welcome to BP!

Here are some resources I've enjoyed:

If you haven’t already listened to the podcasts I’d start there.

Podcasts

Episode 108 - Grant Cardone... Just listen…

Episode 283 Paul Thompson - Quite a new episode but I would think everyone would agree this is a top episode. Mainly, the systems implemented are fascinating (VA, automated offers, etc.) Plus...escape velocity...

Episode 113Jay Papasan - Very practical slow and steady advice

Episode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k

Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.

Amanda Han

Brandon Hall

Tax Reform Update – Brandon Hall and Amanda Han

Linda Weygant

Guides

Ultimate Beginners Guide

Forum Stickies

BP Calculators or spreadsheets uploaded by members

My Favorite Books

I have to say all of the BP books…right? :)

The Millionaire Next Door

The Millionaire Real Estate Investor

What Every Investor Needs to Know About Cash Flow

Hope this information can give you a good start. Feel free to reach out with any questions. 

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