All Forum Posts by: Kory Clark

Seems to be a common theme in my research. I'm still trying to figure out whether or not I want to become a full-time investor or start a career and invest on the side. Being 23, I'm really trying to figure my life out now that I have graduated lol

1 Vote

@James Holland

That is impressive. Outside of work do you have a morning ritual / routine?

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Hello Everyone,

What are some habits that you guys recommend for new investors? I'm working on developing some great habits. Currently, I don't have a job and my day is pretty open. I do have a lot of time on my hands and I want to take advantage of it. I'd love to hear some for your daily habits!

5 Votes

Welcome to the site! @Anthony Jenkins

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@David Beckley

Being an unemployed college grad makes it a little rough at the moment. Changes coming soon!

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Originally posted by @Jeff B.:

AHH the Time problem. In another world I was a programmer and the tools to do the job as well as the environments in which the products were to be used were ALWAYS changing. While working on project A, we had to keep current on tools, web standards and user interface changes. So good managers required us to spend at least 10% of the week on personal improvement.

Something I don't see mentioned much is working backward, or reverse engineering from a known result back thru the steps that made that result a reality.

Example, if we want to FLIP, we start with the final sale at ARV, require a margin of profit, work through the rehab expense, subtract costs of sales (one at each end) and the project the first purchase price. Add the concept to 'buy it right' we push the purchase as low as possible. "Profits are determined when the purchase was made" is a mantra to many.

For a buy & hold, there's a different path and numbers to be mastered.

If we wish to get good at this, we need to

"master the majors, and not major in the minors".

That 10% on personal improvement - - learn the steps, learn the numbers, learn how to evaluate the market, neighborhood, a credit report, an application. That's lots of stuff that's not deal related but will improve the quality of your deals.

(sorry for the lecture).

I'm hear to learn. If it takes a lecture then so be it!

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Hello Everyone,

I'm 23 years old college graduate looking for a job with a goal to become an investor. Having no real money to really go out and do anything I find myself spending a lot of my time goal setting, learning how to analyze deals and doing some personal development. I have started going to my local reia and meeting with mentors and different investors when I can but is there much else I could be doing with my time before I find a job? I network a lot online and in person. I'd love to hear some feedback/ insight!

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@Joe Splitrock

I completely understand that. This business I am building is definitely set up for the long term. I believe that is something we all have in common. I trust that I will find that balance throughout my journey.

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All Forum Posts by: Kory Clark

Kory Clark has started 15 posts and replied 66 times.

Post: Successful Investor Habits

Post: Successful Investor Habits

Post: Successful Investor Habits

Post: Successful Investor Habits

Post: Successful Investor Habits

Post: Newbie to BiggerPockets from Cleveland, Ohio

Post: Time Management

Post: Time Management

Post: Time Management

Post: Living off cash-flow vs. Reinvesting