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Part Two - Why I became Interested in Real Estate
Posted On 08/06/2008 20:47:52 by baldwin
Meanwhile back home, my parents had picked up a few more rental properties since the first one turned out to be good, only made sense to pick up some more. My father had his on contracting business, so he was able to do his own work on the properties saving a lot of cost. During that year, my father's twin sister had passed away from heart problems. Being a twin, they thought it was a good idea to check him out as well. They found the same problem. His aorta was splitting, which is what killed his sister instantly. They immediately had to perform heart surgery or there was not much time left for him to live. The heart surgery went well, but because of the weak tissue disorder, he was practically forced into retirement, and had to give up a lot of things that he used to be able to do. He couldn't put any stress on his heart, and was told to do nothing but rest for a long period of time.

With him not able to work anymore they were having a hard time getting by. I decided to leave my management position in the company, move back home and help my parents with their properties since they were now a main source of income. They didn't have to pay me near as much as they would to have someone else manage the properties. I became much happier working on these properties, biggest reason was not having a boss and scheduled hours. I started to get very interested in getting more involved in the real estate business.

I helped my parents for that entire summer until my father was able to start working again. He taught my older brother the nature of his business, until he was able to take it over. My father continued to work with the construction business, and started to pick up more rental properties again. I was now hooked on doing real estate full time, but really did not have much knowledge in how it all worked.

What I did know was that I had no credit, no money, and no chance of getting a loan to pick up my first rental property. I didn't want to rely entirely on my parents to get started, I wanted to try and do it on my own. I was 23 years old, I knew of a great area to buy properties, and I happened to have a wonderful girlfriend that understood what I wanted to do. I didn't ever buy a real estate book to learn how people got started, but I did go to the bookstore once and picked out a book, sat in the isle and read a few pages. One of the things it mentioned was to use friends and family to help get started, everyone pitch in and share the profits. Made sense to me.

Make sure to subscribe to stay caught up on the story and see what move I made next that launched my business in no time at all, and also a complete unexpected disaster!

Tags: Real Estate Investing Goals Hopes Dreams Money Happiness



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