My 3RD and FINAL attempt at Real Estate!!!

My 3RD and FINAL attempt at Real Estate!!!

Hey everyone!

Those of you who have been here for a while might remember me. Those who are new -- Hello!
I have been absent from this site for about a year if not more.
After two unsuccessful runs at Real Estate, I am trying again. Why? Maybe I am an idiot who doesn't learn, but for some reason I love Real Estate. I love what it brings out in me and I love the fact that I might actually make some money doing something that I love.
In the time I was away from this site, I managed to foreclose on 2 of my properties, completely ruin my credit, almost go through a divorce, unsuccessfully finish the Dean's academy and build upa huge debt and spent some time in the hospital.
I have also been trying to find an office job that will at least pay a salary, but unsuccessful.
I used Dean's strategy to buy a small neighborhood store in Brooklyn, NY and that's what I am doing right now.
HOWEVER!!! As much as like being surrounded by liquor, I miss real estate. So now, I am at the crossroads: do I dive in and give it another shot or do I count my losses and get out???
What do you guys think?

__________________

-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --


kisogo61

You are so right. RE is worse then a drug. You can't walk away. I tried to, but it keep pulling me back.

Good luck.

__________________

-- TIME IS A TERRIBLE THING TO WASTE, SO STOP WASTING IT --


Bingo

Don't rock the cradle-agree to disagree if nothing else

elixbrown wrote:
Yuri,

Long time no see. Started thinking you were in the federal witness protection program or something. I keed I keed lol.

Its easy for anyone to say "stick it out" or "don't quit", and being in BK like yourself I completely understand how tough it is to make it work on your own. I can't in my best attempt give you an opinion one way or the other because I myself being married and with child if this were affecting both, I would find another profession pronto, but at the same time I can attest to the benefits RE provides.

Also congrats on buying your property and since I see you know what you're doing if you do decide to stay with it, lets talk.

I think the best thing for you to do would be to look within yourself if you want to deal. Then, speak with your wife to make sure your decision doesn't hinder the progress you two want to make. Then make your decision devoid of anyone else's thoughts and opinions.

Good luck to you.

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Advice from a wise man

Thanks Bill, I hope EVERYONE reads this.

trustpoint wrote:
I concur with Elix above. No one can make any decision for you as you are the only one who knows all the facts. However, while I believe RE can lead to a wonderful life, be honest to yourself and make sure you are REALLY willing to put in the work needed to be a success. If you find that your heart is not into the hard work and it is only following the dream of riches; you will save yourself a lot of pain by applying your time into another direction that will give you a more satisfying feeling. If you choose to move forward with your RE career, I wish you the best in 2011 in finding your dreams.

__________________

Mike
https://tvallc.isrefer.com/go/RehabLite/renvestr/ Free tools


Yuri,

GOOD for you! I am glad to see you back! I wouldn't call it your FINAL attempt though, KEEP trying and NEVER give up. DOn't let the reason you aren't success be because you gave up. If you persist, you WILL make it. Smiling

Check out this thread, I think you will LOVE it! I posted it because it covers SO many points we NEED as REI!

http://www.deangraziosi.com/real-estate-forums/everything-else/77283/wha...