Re: I have a lot of educational materials - Posted by GL
Posted by GL on November 01, 2001 at 09:24:20:
Canadian RE guru tells a story about a lady he met in Vancouver. He was there to do seminars and at one of them, this lady came over and told him that several years earlier, she had attended his free seminar and something he said struck a chord. He said if you buy one house a year for 10 years, you will be a millionaire. So she went out and did it. She bought one house a year for 7 years, and her net worth was over $1,000,000. It didn’t even take the whole 10 years.
She didn’t even take the course! She took one line from his free 2 hour seminar and made $1,000,000. Meanwhile in every course there are 500 to 600 people 90% of whom never make a single dollar because they never do anything.
The point is you have all the information (more than enough really) you need to make a start. Maybe you will fumble around a little but you already have more information than your heros had when they started.
When someone is in the spot you are in I always offer the same advice. If you don’t own your own home, go out and buy one using the techniques you have learned. Take your time and get a good deal on a house you like. The worst that can happen is you wind up owning your own home (like everyone else). At best it will give you the experience and confidence to go forward in real estate investing.