Hello Everyone!! Missed me? I’ve missed you!

Posted on 26. Sep, 2009 by in Real Estate Investing

Anyone who knows me or who has read my other blog before knows that I’ve been M.I.A. for some time now. I’ll get to why in a second but for now just know that I’m baaaaaaaaaaaaaaaaaack. :-)

So I’ve been out of the real estate investing scene for a while…gosh it may have been a year?? Not too sure. Anyway, I’d like to share with you why and I hope that someone can take from it and learn from it and not let the same thing happen to them. For those that don’t know me, I’ve been investing in real estate since 1999. Not exactly a newbie, we’ll say.

I got all of my knowledge from forums like Creative Real Estate Online and Flipping Homes. I bought courses, spent time with folks in the biz (I spent a few days in Baltimore with Steve Cook back in the day…remember that Steve?) But the key finally with it all was that I TOOK action (eventually lol)

In 1999 I started investing in Mobile Homes via Lonnie Deals. In 2001 after an amazing talk from my step-father I started investing in single family homes. Then I think it was in 2007?? that I decided to do my first wholesale deal. Why it took me so long to do one is beyond me because it is by far the EASIEST way to make money in real estate, imho. (Plus, I had Steve Cook’s very first edition of his Wholesaling course foreverrrr and just never implemented it until 2007.)

Fast forward…..I was doing some wholesale deals here and there loving life and loving real estate then it happened. I got a house under contract that I couldn’t wholesale. I felt kinda obligated to help the sellers out of their bad situation because after all I told them I would help them, right? (And I think being a girl doesn’t help….we get more involved than we should at times.) Anyway, after talking to a few friends I finally REALLY looked at the numbers of the house and realized it wouldn’t make sense for even me to purchase it so I walked away from the house. After that I just spiraled downwards where real estate is concerned. I couldn’t deal with the failure of myself but more importantly of disappointing someone that I told I could help. I’m one of those people where I value my words and I mean what I say so to have it happen where I didn’t follow through on a promise really was a tough pill for me to swallow. I stopped the whole real estate thang completely (well I still had a rental tho) but as far as actively seeking out deals. I mean I’d talk to a seller here or there and look at the MLS every so often but I didn’t really ever commit to doing anything.

I talked to a few folks to try to get myself over this hump, if you will, and they all made sense. Thanks Steph and Sandy and we all knew the reason I stopped investing and we all knew that not being able to wholesale a deal has happened before to investors so it’s not that big of a deal but I just couldn’t get passed it. The mind is an amazingly powerful thing, ya know?

Now, I’m ready to rock and roll again. I’ve been involved in a lot lately, including some passive income streams, and I’ve has a lot of wonderful things happen over the past year but I miss real estate and I think I’ve got a handle on my mind. I think that’s enough for now, don’t you? You guys and gals know how I can ramble….I could go on for a million more words lol

Finally, I just wanted to welcome everyone back into my life….I’ve been keeping an eye on a couple of you throughout this whole time tho and I just want to give a HUGE shout out to Steph (TampaSteph) and tell her that I think she’s been doing a fantabulous job with her blog and I think it looks amazing. You go girl! Speaking of her….make sure you buy her ebook about flipping Reo’s…I’ve learned many a things from Steph and you’ll love the knowledge that she can share with you……check it out here:
flip this reo ebook

Talk to ya’s soon,

Flippin’ Carey

P.S. Bare with me while I get this lil blog here cleaned up a bit. ;-)

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4 Responses to “Hello Everyone!! Missed me? I’ve missed you!”

  1. Steph

    27. Sep, 2009

    Welcome to the Blogosphere, Carey- it’s nice to see you posting again..

    Don’t beat yourself up over that deal. You are human, and you made a mistake. Nothing you can do about it except learn from it and adjust your strategy accordingly.

    Let me know if you ever need any help or have questions- I’m always around..

    Steph :)

  2. admin

    28. Sep, 2009

    Thanks Steph. I’m realizing now how much I missed it (and real estate.)

    And you’re right about not beating myself up and being human. I finally over that deal. Nothing ya can do except move on.

    Thanks for the support and words of wisdom here and via email. Oh and thanks for visiting my blog lol

    I guess ya saw I hooked you up in my first post and listed your blog up already, huh?

    Carey

  3. Eileen-WI

    28. Sep, 2009

    Hey Carey, Welcome back! Glad to see you posting again. I would check your other blog every so often to see if you were updating anything and here you are!

    I am holding a “flip” to this day that is a REAL pain in the ass (excuse my language). I keep telling myself it is a learning experience and we’ll get rid of the house eventually (sooner rather than later, I hope!). I know exactly where you are coming from regarding beating yourself up for a bad decision and it sucks. You’re moving on and starting fresh, awesome!

    Good luck!
    Eileen-WI

  4. admin

    28. Sep, 2009

    Hi Eileen,

    Thanks for checking out my lil humble real estate abode online. I’m definitely back so I’ll be updating this blog way more often.

    And yeah, bad decisions suck but I think the key is LEARNING from them and moving on. I was having a slight problem with the moving on…..but it’s all good now.

    Thanks again for sotpping by.

    Carey

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