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Updated almost 12 years ago on . Most recent reply

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Phil Eck
  • Westchester, IL
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Thanks

Phil Eck
  • Westchester, IL
Posted

I'm new to the site and already loving it. The pod casts are great and so are the blogs. Looking forward to learning more and more each day. Thanks for everyone's information!

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User Stats

10
Posts
4
Votes
Phil Eck
  • Westchester, IL
4
Votes |
10
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Phil Eck
  • Westchester, IL
Replied

Well...I decided to quit my job a few months ago (it was inevitable) and go for my dreams of being a business owner and continue investing in real estate. I'm a few months away from buying our family commercial upholstery business from my brother, I'm really excited. I'm also about continuing my investing in real estate and learning as much as I can along the way.

The first property I got into was a condo in a neighboring town. My brother owned it and he wanted to get out of it so I bought his equity (quit claim deed). I still have it and it is currently being rented out. The second property that I got into was purchased from action in Indiana when I was 18. It was a fix and flip. It was purchased for $10,000 and in the end I ended up losing money. I learned a lot not only about fixing a home but about work ethic and determination, I was happy to have had the experience. My brother has been flipping/renting houses since around 2000. I have done 5 fix and flips since then with him, I have been building my bank roll, and trying to learn as much as I can about real estate, business, and life in general. I'm hoping to meet some people with dependable and trust worthy knowledge, that can help me grow into the investor I know I can be.

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