Real Estate Investor 101: Try NOT to share your passion for investing with those that you are close to (the ones that know NOTHING- but think they do about real estate).
Yeah I made that mistake today. And for about five minutes I started to doubt myself - FOOL! But I'm so over that phase. Thanks to the support of other investors that I can call on and my best friend - I feel better.
Change of Subject......
Demolition of my property should be starting this week. Like I said before - I found the contractors that I want to go with and I feel good about that decision. I hated paying the money but I know it will pay off in the long run.
I also had some other revelations that no one tells you needs to be taken care of. For example, you have to go down to the county building (and I got a parking ticket!) and turn in your affidavit to transfer property, you need to get some type of security system for your property while it's being rehabbed as well as you need vacant property insurance. These are all understandable - but no one ever mentioned them in the tens of hundreds of books, classes or seminars I've taken.
But I digress. Tomorrow will be a better day and will leave it at that!
Choa
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment