All Forum Posts by: Christian Lautenschleger

Fair enough. But at the end of the day I think you can only have one "goal", otherwise your mindset will drive one or the other.

I'd rather have one goal that's obtainable, but I have to put a concerted effort toward achieving it.

Welcome!

@Account Closed

Yeah, that's exactly what it is: a learning experience. I'm not looking to sell it at the moment, or anytime in the near future, but that option's there.

@Andy Collins

At least you're then "thinking" about the investment. If you hadn't, then maybe you'd be blind to its potential. I dunno.

I'd love to really blog (I wrote one here a week ago), but never have been consistent. I suppose that would be key for me.

That and I think success as being an authority would work. Being success would lead to more people following you than some schmuck throwing his 2-cents around (which is kinda what I have been...).

To add to a reason why I did want to close, my agent gave me a hand with something at the property yesterday. I figured he'd be worth the price with his knowledge and contacts moving forward.

As I progress, my network and contacts will be more and more important.

@Jay Hinrichs

Hopefully it's just a temporary thing. Oh well, it happens.

My first duplex, which I closed last week FWIW, is a turn key.

So far it's "my old landlord did this". So, I'm experiencing that for them somethings need to be continued that aren't true turnkey (like trying to get a hold of the person who did the mowing).

So, although I have long term tenants, you still have to communicate and don't be surprised when things come up you didn't think about.

Lastly, this is my first real estate property. I view it as a learning experience first and foremost, which will hopefully make me money.

LOL, this man knows what he's talking about.

On one hand it has to be about the money, otherwise you'll make foolish decisions. Unless you view RE as charity, don't treat it as such.

Secondly, I view money as freedom and achievement. I don't view it as evil. It just is. People, and in the pursuit of gaining it, may be evil. With enough money, I can turn my full attention to RE, which constitute freedom to me. A byproduct of it as my full time job would be I can more more of it, faster. A position vicious cycle.

Great advice!

This is stuff that you don't read in books, about theory at least, but have to hear from experienced investors.