EEasyMoney
New Contributor
Hi All, I am new to this website. I was searching for something else yesterday, and happened to end up here... what a great find. Things happen for a reason. I chose the username EEasyMoney because it was an old username that I used years ago, playing online poker, and I don't want to have to remember another name. At the time I set up that account, a guy I worked with used to call me "Easy Money," because I was always talking about new business ideas and dreaming about doing something greater than the work we were doing for the man.
Anyhow, I've never stopped dreaming, and have never been afraid to take risks. In the 15 years since my co-worker used to call me "Easy Money," I've made a lot of money and I've lost a lot of money. I've read a lot of books, and have tried many ideas. From stocks, to business partnerships, to real estate, I've dabbled in all, and am always interested in new ideas.
I currently have full or partial ownership of nine investment properties, from condos to 4-plexes, mostly out of state (I live in CA). Unfortunately, I started buying real estate during the "Phase Craze Days," and it was before reading Rich Dad Poor Dad. That was when all the new developments were being built and if you could get into a contract in the early phases of development, you could basically resale your property to someone else at a profit, when the builders were selling their later phases. Anyhow, the properties I bought in 2005 and 2006 didn't go according to plan, and I'm still holding onto them, at a slight negative cash flow, and they're still underwater. I was able to refinance both properties, through the HARP program early this year, so it gave me some relief. After reading Rich Dad, I realized that I should have been investing for cash flow, rather than for gains.
Overall, I'm making a little money on real estate cash flow, and a little from the stock market, but I'm still working my day job. I've worked in financial services for 13 years, from banking management, to investments, my profession of the past five years - mortgage lending. I enjoy helping people and as I love real estate, I love to help my clients successfully buy their first home, or first investment property. While there are moments that I love, there are more frustrating days than not, and overall, I yearn to free myself from working for someone else.
Happily, I've made over $200k the past two years, which has helped me pay off a lot of debt (battle scars from all of my earlier risk taking). My net worth has been growing as I've paid down my debts, and I'm almost to the point of being debt free, except for real estate secured debt. My net worth is now about $600k, so I'm looking forward to being a millionaire in the near future. I have a lot of advice that I can offer, learned from many mistakes, and I'm always interested in reading the advice of others. Also, I usually don't like to write in one big paragraph, but when hit the Enter Key, nothing happens. Maybe someone can advise me on how to make a new paragraph! I look forward to getting to know others of similar interest and new interests as well. Cheers, EEasyMoney
Anyhow, I've never stopped dreaming, and have never been afraid to take risks. In the 15 years since my co-worker used to call me "Easy Money," I've made a lot of money and I've lost a lot of money. I've read a lot of books, and have tried many ideas. From stocks, to business partnerships, to real estate, I've dabbled in all, and am always interested in new ideas.
I currently have full or partial ownership of nine investment properties, from condos to 4-plexes, mostly out of state (I live in CA). Unfortunately, I started buying real estate during the "Phase Craze Days," and it was before reading Rich Dad Poor Dad. That was when all the new developments were being built and if you could get into a contract in the early phases of development, you could basically resale your property to someone else at a profit, when the builders were selling their later phases. Anyhow, the properties I bought in 2005 and 2006 didn't go according to plan, and I'm still holding onto them, at a slight negative cash flow, and they're still underwater. I was able to refinance both properties, through the HARP program early this year, so it gave me some relief. After reading Rich Dad, I realized that I should have been investing for cash flow, rather than for gains.
Overall, I'm making a little money on real estate cash flow, and a little from the stock market, but I'm still working my day job. I've worked in financial services for 13 years, from banking management, to investments, my profession of the past five years - mortgage lending. I enjoy helping people and as I love real estate, I love to help my clients successfully buy their first home, or first investment property. While there are moments that I love, there are more frustrating days than not, and overall, I yearn to free myself from working for someone else.
Happily, I've made over $200k the past two years, which has helped me pay off a lot of debt (battle scars from all of my earlier risk taking). My net worth has been growing as I've paid down my debts, and I'm almost to the point of being debt free, except for real estate secured debt. My net worth is now about $600k, so I'm looking forward to being a millionaire in the near future. I have a lot of advice that I can offer, learned from many mistakes, and I'm always interested in reading the advice of others. Also, I usually don't like to write in one big paragraph, but when hit the Enter Key, nothing happens. Maybe someone can advise me on how to make a new paragraph! I look forward to getting to know others of similar interest and new interests as well. Cheers, EEasyMoney
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