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I have been following and learning from Bigger Pockets for years. I never had the opportunity to really apply myself to real estate because of the military. About three years ago I decided to retire after 25 years in the Army and it was one of the hardest things I had to do in my life.
Over the last three years I have done nothing accept real estate. No vacations, 80 hours a week, rain, snow, and Covid could not stop me from buying, selling, flipping, are learning about real estate. I made and lost a lot of friends during this journey and I am a different person now.
Currently I am in position to flip 30 properties this year with a forecast of 8 properties hitting the market during the first quarter. I own a title, construction, flipping, real estate, transaction coordination company, and purchased 5 Buy and holds last year.
What I would like to share from my experience is that you can't give up! but also, you cannot passively pursue a high level endeavor. It take a lot of action, persistency, and perseverance. I was so focused, I actually had a mentor stop me to take a minute to look up from all the houses and take a minute to admire my accomplishments.
I will also have to say if you have poor spending habits or in debt to work on those areas. Each houses is its own financial liability. And if you're worried about your own personal house hold. Most Likely a scarcity mindset will set-in and it will impact your decision making processes on your investments.
You only need 3 things to really flip a house and most people only have two of them: (1.Property 2.Money 3.Contractors) I hope who ever reads this accomplish their Real Estate goals!!
My next stop is new construction and Commercial, and it seems to be more challenging than the last endeavor.