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Category: Big Deals Current Grade: A- Total Views: 850 Member Comments: 0 |
Posted on: 07/14/2007 Posted by: MagicKingdom Blog Points: 35 View all blogs >> |
So, here I am. All of a sudden I am 40 years old with a hot younger wife, 2 great kids, a big house, cars, trips to Vegas.... oh... and a job as a salesperson in the corporate world that I HATE.
In fact, when I look at who I am, I see a guy who looks like a person who has it all. Yet look a little closer and you will see a guy who is up to his eyes in debt and is literally 2 paychecks from living in my parents basement! ( With my hot wife and 2 wonderful children at least ) To make things worse, I hate my job in the corporate world sooooo much.
I started looking at real estate investing about a year ago. For some reason I never did anything with it. Something kept me from actually taking action, and trust me, I am an action guy! Somehow I started reading about real estate and listening to pod casts from various Real estate pros. All of a sudden I was hooked on this investor stuff, it really seemed like a way to make a great life for my family.
I am in the middle of my first real deal. A house that was boarded up and forgotten about right in the middle of my town! The owner is a huge grocery store chain and they agreed to sell me the property for 79k. I advertised the house in my local paper and put up a few signs. I have an offer for 115k from a person who wants to rehab the house and sell it for 190k.
I will keep you posted.
Oh.... I have decided to " burn my boats " and give notice at my job that I am going to quit. Should be an interesting 2007.
Magic Kingdom

