Time to give up real estate investing?

[moziah1]

Quit!  Point blank.  Sometimes we need to address certain necessities in our lives before we can accomplish other endeavors.   Don't worry, real estate will still be here.  I was at a low point of my life when I read "Rich Dad Poor Dad".  You know what I did?  I joined the National Guard, became an Xray Tech, paid all of my bills and purchase my first investment property.  That took a little over 2 years.  In addition to that, I completed my BA degree and received an RE appraisal license.  Im no smarter than you, trust me, but I've always taking initiative.  So hey, see you in the next year or two.

What's the maximum effective range of excuses?  ZERO - excuses go no where!

[cindydm]

Not having wheels does not prevent you from doing deals. I have an inherited car right now city in my garage. I have not driven since the 90s.

That did not prevent me from looking for deals and it should not stop you. Why don't you just wholesale other wholesaler's deals. Sign a non-circumvent agreement that you won't go behind their back and use an option. The option lets you market their deal without them having to worry about the property being tied up and them not being able to sell. Wholesalers may not care that you market their deal as long as their is no loss or risk. There is plenty of room in the deal anyway if it is priced right. Stop letting things get in your way. You can do this.

[tbodley74]

Is that non-circumvent like that option to purchase you told me about?

Not having wheels does not prevent you from doing deals. I have an inherited car right now city in my garage. I have not driven since the 90s.

That did not prevent me from looking for deals and it should not stop you. Why don't you just wholesale other wholesaler's deals. Sign a non-circumvent agreement that you won't go behind their back and use an option. The option lets you market their deal without them having to worry about the property being tied up and them not being able to sell. Wholesalers may not care that you market their deal as long as their is no loss or risk. There is plenty of room in the deal anyway if it is priced right. Stop letting things get in your way. You can do this.

[VanDyne]

I can identify with you. I've tried for 20+ years to get into R/E full time. I've only managed to buy 3 properties and sell 2. All of which I've had to live in while fixing them up. I made money two of them and the third I'll be selling within the next 6 months.

This is what helps me in situations such as yours..

I spend several hours (several to hundreds of hours) thinking about all the reasons why I haven't been able to do it (R/E). Then I think about more reasons why I haven't been able to do it. Then I think of even more reason why I can't do it. After that, I think of new reasons why I can't  do it. After I do all this thinking my mind goes blank to all the reason why I can't and I automatically start thinking of ways around all those reasons. My entreprenuerial self kicks in to problem solve. It's helped me make millions of dollars for companies I've worked for. I have to figure it out on how to make myself millions.

An idea for you: do some bird dogging. You can do most of that on the phones. When you get a few dollars buy a motorcycle. It cost a lot less and is cheaper to operate. On bad weather days you can't get out but you're not getting out now.

I hope this helps.

[tbodley74]

I know it just su cks for people like us to go out there day after day working hard only to make companies millions while you are getting bits and pieces out of those millions. My entreprenuerial side is kicking in right now. I just don't have all the time and support I need to follow through. I work quite a bit from my current day job, which leaves me with very little time to go into real estate investing full time. Then there is my lack of support from my folks. That is why I haven't mentioned to them how I want to get into real estate investing because I already know the outcome.

I tried birdogging once but the investor I was birddogging for was never pleased with the deals I brought in. He was way picky about what house to look for and not look. Right now I am thinking of a way to make money by finding buyers for investors who have deals and no buyers.

I always wanted a motorbike every since I was a teenager, but I never had the money or the training to ride one of those things. Some people say they are easy to operate and some say it is not so easy to ride.

I can identify with you. I've tried for 20+ years to get into R/E full time. I've only managed to buy 3 properties and sell 2. All of which I've had to live in while fixing them up. I made money two of them and the third I'll be selling within the next 6 months.

This is what helps me in situations such as yours..

I spend several hours (several to hundreds of hours) thinking about all the reasons why I haven't been able to do it (R/E). Then I think about more reasons why I haven't been able to do it. Then I think of even more reason why I can't do it. After that, I think of new reasons why I can't  do it. After I do all this thinking my mind goes blank to all the reason why I can't and I automatically start thinking of ways around all those reasons. My entreprenuerial self kicks in to problem solve. It's helped me make millions of dollars for companies I've worked for. I have to figure it out on how to make myself millions.

An idea for you: do some bird dogging. You can do most of that on the phones. When you get a few dollars buy a motorcycle. It cost a lot less and is cheaper to operate. On bad weather days you can't get out but you're not getting out now.

I hope this helps.

[VanDyne]

I'm sorry this got a little long.

I mentioned to my folks when I first was getting into R/E they didn't neg me out but it was what they didn't say or their nonverbals. Shortly after came the isolation from the family. I had an abusive father and older brother so it didn't really bother that much.

I finally "drew a line in the sand." At first it was for the mental and physical abuse that continued well into adulthood. But, into other areas of my life including work life.

I no longer wait on others. And, some of this might be that I'm getting older. But, I've also appeased others way to much over the years and now everyone expects me to bow down. I don't know. I'm now doing what I feel is best for me. Living in Missouri I always seem to be unemployed getting laid off every other year. I've been unemployed for 8 months this time. So I told my wife I've expanded my search nationwide. I'm starting to get a few calls but it's still early. She tells me well I'm staying here to raise the grandkids. Now I've drawn the line. I inform her I've raised my kids. I've got to go where I can get a career and make money. (I've never really liked Missouri any ways) So when I get a job out of state I'm gone and she's going to stay to raise grandkids. And, yes I'm making her stay to raise the grandkids until the last one is in school. Oh, we just had one grand son in Aug and have 2 more due this spring. "Line in the sand" and I'm no longer waiting on others. 

Tbodley74 if you take a real close look at all the R/E guru's you'll finally see that they all say the same thing. They all keep the true vidal information to themselves otherwise they would develop people who would be competing against them. One rule I learned in business is that proprietary information must be safe guarded or you'll be out of business. So the R/E guru's only release bits and pieces of that information. You can go to Barnes and Noble and buy a Robert G. Allen R/E book or Robert K.'s book and have all the information they are willing to share. The rest you must learn through experience.

Do what is right for tbodley74 and when you are at least half way successful people will listen to you and seek your advice. When you are making a lot of money you won't be able to get rid of them.

One thing I noticed over the past few years is that when I was making over $50K year and getting 4 and 5 digit bonuses on top of my salary I had a lot of friends and family around me. Now I'm unemployed and the bank accounts are empty there not around.

There is a reverse trike that is very easy to handle. Safer in bad weather if you're caught out in the rain. That's on my list of things I want when I'm back on my feet.

I hope what I shared will help you in some way or maybe others who will read this. We have to find our own way. I try to learn from everything I read, see and experience. When I get knocked down I pick my own self up, dust my self off, adjust my attitude, and go at it again.

[tbodley74]

Sorry to hear about your rough life growing up. I admit I made some mistakes as we all do. The problem is my folks will hold my past mistakes over my head for a long time no matter how long ago it was or the fact that I have learned my lesson and moved on. My past mistakes will always be thrown at me. I then fall prey to all the negative stuff they may say about whatever plans I have to make money if it does not include making money from a 9 to 5.

All RE gurus does seem a lot a like now that you mentioned it. I read Ron Legrands book and some e books by other wholesale investors. I felt like I could go out and make something happen from just reading those books.  About those money hungry friends, that is why I do not associate with them. This is a good way to tell who your real friends are when you are down on your luck. I am still tempted to go out there and start real estate investing all without a mentor.

I'm sorry this got a little long.

I mentioned to my folks when I first was getting into R/E they didn't neg me out but it was what they didn't say or their nonverbals. Shortly after came the isolation from the family. I had an abusive father and older brother so it didn't really bother that much.

I finally "drew a line in the sand." At first it was for the mental and physical abuse that continued well into adulthood. But, into other areas of my life including work life.

I no longer wait on others. And, some of this might be that I'm getting older. But, I've also appeased others way to much over the years and now everyone expects me to bow down. I don't know. I'm now doing what I feel is best for me. Living in Missouri I always seem to be unemployed getting laid off every other year. I've been unemployed for 8 months this time. So I told my wife I've expanded my search nationwide. I'm starting to get a few calls but it's still early. She tells me well I'm staying here to raise the grandkids. Now I've drawn the line. I inform her I've raised my kids. I've got to go where I can get a career and make money. (I've never really liked Missouri any ways) So when I get a job out of state I'm gone and she's going to stay to raise grandkids. And, yes I'm making her stay to raise the grandkids until the last one is in school. Oh, we just had one grand son in Aug and have 2 more due this spring. "Line in the sand" and I'm no longer waiting on others. 

Tbodley74 if you take a real close look at all the R/E guru's you'll finally see that they all say the same thing. They all keep the true vidal information to themselves otherwise they would develop people who would be competing against them. One rule I learned in business is that proprietary information must be safe guarded or you'll be out of business. So the R/E guru's only release bits and pieces of that information. You can go to Barnes and Noble and buy a Robert G. Allen R/E book or Robert K.'s book and have all the information they are willing to share. The rest you must learn through experience.

Do what is right for tbodley74 and when you are at least half way successful people will listen to you and seek your advice. When you are making a lot of money you won't be able to get rid of them.

One thing I noticed over the past few years is that when I was making over $50K year and getting 4 and 5 digit bonuses on top of my salary I had a lot of friends and family around me. Now I'm unemployed and the bank accounts are empty there not around.

There is a reverse trike that is very easy to handle. Safer in bad weather if you're caught out in the rain. That's on my list of things I want when I'm back on my feet.

I hope what I shared will help you in some way or maybe others who will read this. We have to find our own way. I try to learn from everything I read, see and experience. When I get knocked down I pick my own self up, dust my self off, adjust my attitude, and go at it again.

[Southflorida561]

I have to agree with the others on this post. You have to be motivated and not willing to give up.
Two weeks ago, I knew nothing about wholesaling, but after going to a few wholesaling websites such as http://www.wholesalingrealestate101.com and http://www.flipthiswholesaler.net/. I was able to get a several cash buyers, few title companies that do double closing, a real estate agent that knows a little bit about wholesaling. I just now ordered some bandit signs to find some motivated sellers.

At the end of the day, you have to really want it. You get what you put in. And to remind you, I'm also low on cash and working part time.

[bossladyjack]

What do you mean "without a mentor"?! You have a giant population of mentors of all levels right here! What actions have you taken?  A used motorcycle is a great idea. Apparently, you have access to the internet, go on craigslist and find one, pay the guy 20bucks to teach you the basics, and figure it out. If you can drive a standard you can ride a bike.  I just learned how and the first time I layed it down but haven't since. Can't afford the bike? Get a job! I'm waitressing right now, I make about 1200 a month, and it's not the easiest work for the money. But it's a job, and I'm happy to have one. One month of work and you'll be able to get some wheels. Great way to network. And it put me through real estate school and I am now working at a shortsale/foreclosure specialist company. Keep it up TBodley, make a plan every morning for that day and stay on your weekly and monthly goals!