Re: Other Talents and Real Estate Investing - Posted by MilNC
Posted by MilNC on December 16, 1998 at 17:12:41:
On the other hand, isn’t REI the donkey and the
carrot is the music? My donkey went lame (previous career)but I still have to get to where I’m going, so
I’m getting new transportation-a horse, a stallion that
will sire great offspring in addition to stud fees.
(I’m still talking about real estate!)
I’m sure I can learn about real estate. I study everyday.
I plan to do it so I can support my hobbies, too.
I also think, for the long haul, math is important.
What is discounting mortgages/paper other than math?
It’s not trig, and it’s not calculus.
I want to know as much as I can so that I won’t be
intimidated or scammed. It takes a little time to learn time value of money, and let it sink it, but once you’ve got it, it applies to everything. Same with music theory.
A diminished 7th is a diminished 7th, in all 50 states,
and all of Mississippi.
Endless ways to make a deal/endless ways to make music.
There is a high correlation between people who are talented in music and also in math.
As for aggression, consider substituting for it the concept of
being quick-acting. Aggressive does not necessarily mean “in your face” but relates to a time frame,
aggressive in seeking knowledge and solutions, aggressivly protecting your own interests, being
knowledgeable enough and ready to close a deal quickly. I have
learned from this board that you should be agressive
in protecting your own interests ahead of time,(make the money going in) by
analyzing the profit potential of the deal (math!!)
by knowing how to have a contract that protects you
but is also appealing to seller/buyer ( or others
as apropriate (selling the mortgage down the road) and knowing
when (like Kenny Rodgers) to walk away, in other words,
Focus on your motivation-music and your mom. Your motivation is just as valid as anyone else’s, if
it’s important to you.
I feel that you have not found a niche yet, and that
you are comparing yourself with other biz grads and find that you depart from them on an emotional level.
I feel that you can find a niche somewhere on this board and in real estate investment and that very area is what will enable you to arrange your schedule in a way
that you can develop your music or anything else.
Don’t be put off by what appears to be not in line with your goals, just keep reading and I believe you will
find something that is.
I know this is somewhat of a tangent (oops-trigonometry!)
so if you want to email me feel free.
Hang in there.