I remember being about 6 or 7 and I wanted a bike SOOOOOOOO badly!!! I talked about it all the time. I lied to my class via art class about my awesome bike. I drew this picture of a pink bike with a basket, the big “U" shaped handle bars, tassels hanging down… a really super cool beautiful awesomest bestest bike in the entire Town and Country Elementary School student body. I really had no bike at all. Nothing. I had a Big Wheel trike with flattened out plastic tires from riding it as fast as I could down the hill walkway in front of our house and pulling up on the break as hard as possible and kinda spinning out. I was a real badass back then.
So finally I drop enough hints like “Mom can I have a bike?” and “Dad I am seriously the only kid in first grade that still has a trike. Do you want me to get beaten up?” My parents get the hind and decided to buy me a bike. I envisioned the one I drew so I was amiss when we pulled up in a parking lot (not of toys r us) beside a beat up white van and guy with a limp and a burning cigarette pressed between his teeth steps out. In his hand was not the bike I envisioned at all. This was a blue Schwinn with a wide (almost motorcycle motor housing looking) middle between the short rusted handle bars and the small triangle seat. I could hear the rattle of the middle section as my dad pushed it around. The gleam of glitter in the paint caught my eye from the back seat of the blue station wagon.
It was an old, blue, boys bike. I LOVED IT!!!!! That rattle sounded like an engine to me. I was a flippin biker babe while the rest of the kids were just losers with shiny, new, quiet bikes. Peace out bioches!!!
So I am super psyched to get on the bike and down that sweet ass hill in front of my house when my dad pulled the rug out…”I am going to teach you how to ride this when we get home.”
“Wait. What?? This isn’t like the big wheel? No body taught me how to ride that.”
“Don’t get on that bike without your father” Mom warns.
Now I have to wait for dad to teach me. So I do what any good kid does. I hop on the bike and attempt to barrel down the hill. I made it about 6 feet when I fall off and scratch my face, knees, elbows… the whole thing….Oh and the bike…
Moving on to real estate investing…
When we first decide to be an investor we educate ourselves in one way or another and want to hit the ground running…. Just like me and my bike, you have to take the time to ensure that you are going to have success in this arena. There are steps you have to take and an order in which to take them.
A couple years in the tenants stopped paying and the lawyer wanted her house back at the same time. If I was smart I would have seized the opportunity to give back a property with a bad tenant and move on.
Guess what?? Not smart. I say that we will just stick to the plan as it is in the agreement. Obviously it is her intention to get the house so it is only logical that she chooses litigation as her weapon of choice. I choose pride.
She is filing motions so fast that I realize there is no way that I will be able to afford the legal fees so I….get this…FIRE MY ATTORNEY to save on legal fees. If I could find myself in 1985 and friends with Marty McFly and the Doc, I would use that DeLorean to travel to 2007 to kick my own ass. Seriously.
No surprise ending here. I get my butt kicked in court. She ends up with the house, somehow money (still have no idea how that worked), and the best part is that I was liable for all of her billable hours suing the fudge brownies out of me. I left with a personal judgment in the amount of $17,000.
If I had put it in the name of my LLC I would have still lost but it would not have actually impacted MY personal credit.
Now all of you know I like to make something that could be a quick 5 or 6 sentences into a flipping dissertation length short novel. Hence I will Leave you with these three things for today. Guess what? Three more on Thursday. This should allow you the time to check the first three off of your list.
Happy Investing My Real Estate Junkies!!
I was born an entrepreneur. I am pretty certain that I was peddling passies in the hospital when the nurses left the room.All of the other kids in the neighborhood were riding bikes and playing with dolls I was selling jewelry out of a catalogue and creating a back yard consignment shop. At 21 I became a real estate investor and fell in love. This was/is/ and always will be my passion. I have been madly in love with flipping, holding, and writing offers on real estate that seem crazy for 18 years. Ladies and gents I am willing to share the love of my life with you. Maybe its polyamory maybe its jut because I can’t shut up about it. Either way I will be sharing every mistake I ever made and the lesson that came from it. I love questions. Please ask away!!!