All Forum Posts by: Christine Sierra

@Christine Sierra

Worst: if your buying cheap properties......(this was 2012 and we could buy quads for 20-30k). You don’t need insurance. You’ll pay more for insurance than you did the property. Made sense lol!

Result: 2nd property I bought which was a 6 unit for 21k and needed 40-50k rehab burnt to the ground 2 mornings after I closed with no insurance. I still pay taxes on the green space to this day. I could get that donated off to city and stop paying taxes, but every 6 months I want a reminder to how I failed so I don’t do it again.

My advice: attach your carriage to the fast horses and be a sponge to what they are doing. Overcoming fear is the first step! You will face adversity and you need to be prepared to handle it. Real estate done right will provide a life for you and your family with financial freedom that many dream of! When you see a speed bump, jump over it......when you face a brick wall, break that S$*^ down and when your feeling down about something lean on other successful investors for encouragement and direction to overcome and accelerate forward!

You got this and you can do it, but you are the only one that can stand in your way!

 LOL. Nice!

Best advice: don't take advice from people who are unsuccessful at what you are trying to become successful at. Also, start ASAP. You're not immortal and it's difficult to make up for lost time.

Worst advice: way too much to even list. 

Getting started in real estate the first year I was told. "Quit your job and follow your dream".
 

Two months later

Bank: Um, we won't lend to you. LOL!

Always wait till you build business credibility before pulling the plug on your W2. I learned the hard way! No regrets though! Work hard, it will pay off.

I'm in an extremely seasonal market, doing STR. Thing is the high-season income really compensates the low seasons vacancy... It really is about working the numbers on a yearly bases for me.