Posted by WilliamGA on December 13, 1999 at 16:03:55:
To answer your questions…
A commitment I made when getting started was to not let more than 2 weeks pass after completing a course or book with out buying another. I figure that part of success in this business will be continuing education. To date I have bought 4 different CS courses, 3 of Kaiser’s courses, Bronchicks L/O course, along with many books on RE.
Yes I have bought property. My first deal was “no $$$ down”. Left closing with 870.00. I ordered CS in July of this year and by Sept had bought 3 properties. I haven’t bought any since because I felt that I needed to expand my knowledge base before building my business too big. I think new investors that fail do so because of not having a broad enough knowledge base (amoung other things).
I currently have a contract on my first rehab. Preliminary #'s look like a 25K payday, although I have read enough here to know that probably will change before completion of the deal. But I figure with that much cushion built in, the deal has to be sweet anyhow.
The best advice I can give, David, is to continue lurking here. For all my books and courses, I have learned more here than anywhere else.
Good Luck to you!!