Networking can happen on holidays too. Right? If you didn’t network this memorial day weekend, did you miss out on excellent networking opportunities?
I networked yesterday and I didn’t even plan on it! Yesterday, Kathy and I were invited out boating with poker friends. We thought it would just be us and our poker friends, but turns out our poker friends brought some of their other friends. So a bunch of new people we didn’t know.
We had a lot of good potential people to network with, obviously, I didn’t know this when I first met them. After talking to folks or hearing folks talk it turns out we had in our presence:
* a real estate agent who sells million dollar properties
* a director of operations for a big medical equipment company
* a homicide detective
* a couple who own their own lucrative business
and other folks. Can you see some opportunity above? I did. So I started my networking. I spoke with the real estate agent the most. I talked to him about multi-family investing and partnering. He was interested! His significant other is the Dir. of Operations for the medical equipment company…..so I’m thinking that these 2 gentlemen have some money for investing. And they already own sfh rentals, so they understand the basics.
The couple who own the lucrative business are our poker friends from Arizona. I spoke to our one friend about it and she said she would be interested and then her partner overheard us and asked me what we were talking about. So I told her and she said “yes, they’d be interested in something like that definitely.” 🙂
Now as far as the homicide detective…well I don’t know how much they really make? But I do know that she’s got a pretty nice house right on the water (we threw out the anchor out back of her house to swim) and she’s got a boat and a lot of doo-dads, if you will. I haven’t talked to her about investing with us, but I’m thinking if we could get a great deal going with either of the gentlemen or ladies above that she’d express some interest as long as she has some money to invest.
So the next time you have a holiday weekend or are spending time with some friends you haven’t seen in a while, don’t forget to take the opportunity to NETWORK. Because you never know who you will meet.
You know I’ve been doing a lot of thinking lately and a lot of reading and just a lot of wondering too. And I’ve figured out what FREEDOM means to me and I’ll share that with you but first I want to publicly thank 2 people. Both I’m sure have no idea that I’m thanking them here. 🙂
First and foremost is Steph, we all know her as Tampa Steph from Flip This Wholesaler. Her and I had a little email back and forth a few days ago and she answered a question of mine openly and honestly and it actually made me think and made me admit things out loud and it also made me realize that I definitely need to do something to make this a reality NOW.
Reading Steph’s response I realized, well actually I already knew this before but didn’t share it too much and didn’t really think I had a choice either, that I don’t enjoy wholesaling as much as I enjoy my internet adventures. Like working on this blog (odd that it’s about flipping and wholesaling, huh? Actually, if you read the majority of the posts….it’s NOT!,) working on my Gay Marriage website, working on my Our Gay Lives blog, working on my BBW Dating site and working on my BBW Life blog.
I really enjoy doing all of those things and I honestly wish I could dedicate more of my time to them everyday, especially the gay marriage site because that is something that I’m very passionate about and something that definitely needs to change in this world.
I also enjoy getting the small revenue that I get from getting paid ads on my gay marriage site, adsense from all of my sites and memberships from my dating site. I’m not making huge money, but it’s nice to make some change when you don’t expect it and for doing something that you enjoy (and in most instances for doing something that is helping other people.) Obviously, if I had more time I could work on improving that income, but I don’t right now because I gotta figure out how to pay the bills *sigh*
Then on to thinking how I really enjoy and get excited about receiving my passive income from my rental property (I have a tenant that is an angel…pays be early every month. He’ll make 2 payments in a month for the next months rent payment.) And I really enjoy receiving passive income from my atm’s. That is super exciting.
When I talk about my atm’s and my rental property and my internet adventures I really don’t have anything that I don’t enjoy about those things. I mean grant it, I hate to have to evict someone, etc. but that’s once in a blue moon, it’s not a constant thing. I actually enjoy going to business owners and trying to talk them into letting me put an atm in their place. I actually enjoy visiting places in the world and taking pictures and videos and then bringing it back and adding it to my Gay Marriage site.
So what I realized from my brief back and forth with Steph is that I want to solely concentrate on accumulating passive income streams from this point forward. I don’t want to concentrate on active income activities like wholesaling or short sales or anything that requires me to be involved a great deal.
Remember I had started a direct mail campaign for apartment buildings? I’m going to go with that full force. Because that has the ability to be a huge passive income stream (definitely property management company material, don’t ya think?) I’m going to be looking at buildings with 50+ units primarily. I have spotted some with less that may be interesting, but my goal really is to first acquire a 50+ unit building.
Kathy is included in this goal for me PERSONALLY, because I’m tired (as is she) of her traveling for work all of the time and being away from home. It sucks. I mean once in a while no biggie, but constantly…it sucks. (Note: I love real estate investing…just not in the active income sense. Which is why I’m looking for passive income opportunities that apartment buildings can bring me. I sure hope this makes sense to SOMEONE out there!)
I mean I actually want to spend time with her and enjoy her company and do the things we want to do in life and plan how we can get there. That’s what you do when you love someone and want to be with them forever, right? You don’t want them to be away every week working so you don’t have to be near them? (Hey, maybe some people prefer that, but not I lol) And the key is I want to do all of this stuff NOW, while we’re young. Why in the hell should any person or any couple have to wait until they are retired to “enjoy life” with one another. And go on vacations and do this and do that without worrying about a boss and this and that.
Mike made a post recently about taking massive action and the massive action thing isn’t really what got me as I know that taking massive action gets results as I’ve seen first hand what massive action leads to but more importantly in that post Mike said this:
“I once chased the money….now I’m in relentless pursuit of my dream life….money is just the resource used to create my life….it’s the “why’s” which truly motivate a person to action….not dollar signs….”
Now have I heard that kind of thing before? Absolutely. But for some reason today I think I was actually ready to hear it and actually RECEIVE the message, if you know what I mean?
I’ve always been stressed about money (well not always, but for the most part.) I have to make x amount of money to pay this, I have to make money for this. I tell Kathy “no we can’t go to Hibatchi’s and bowling because we can’t afford it, we’re trying to get out of debt.” Money has always been the thing that I’m working towards, but oddly enough, the money I earn has never REALLY been truly for me and my life yet? (Some of it has been i.e. rental property, atm’s, etc. but the MAJORITY is what I’m talking about here.) That money has been for other people/businesses, etc. But never for me and my life and my family. Odd huh?
Now don’t get me wrong, I am NOT saying money is not important. It’s very important in life. Try paying your mortgage with a love note 🙂 But what I got from MikePA today is that I’ve been totally going about this whole money thing wrong. So I thought about the why’s that he talks about and the very first why that popped into my head was Kathy and her traveling all of the time for work.
That is a major WHY in my life right now. I want to enjoy my partner and spend quality time with my partner NOW, not when we’re 60, 70, or 80 yrs. old. Now!
So when I got a shower today I figured out what Freedom meant to me and this is what I came up with (I’m sure it’s still a work in progress tho, so bare with me please:)
F– fly anywhere (week long vacations, weekend get aways, family vacations, travel is unlimited)
R– really concentrate on things that I’m interested in and passionate about like gay rights, my gay marriage site, my other online endeavours and teaching children a different way in regards to money and life (I know, I know that I’m still working on it myself, but I’m way ahead of most of the children in the world!)
E– eat anything or anywhere (buy organic, no more worrying about price tag, eat out at any restaurant whenever we choose too. No more “we can’t go there because we’re in debt.” No more dollar menu items, etc.)
E– enlighten family and friends and especially the children in my life (Andrew, Joe and Brandon) that “yes, there is a different way and look we are doing it!”
D– debt-free living (no more worries about bills. Btw, here I’m not including mortgages for rental properties and apartment complexes, etc.)
O– opportunities open and are endless. (when everything is in line in your life and you actually have the ability to SEE, amazing opportunities in all aspects of your life will come your way.)
M– more time with family and friends to spend it and enjoy it how we like.
One more thing that I liked from MikePA’s blog-
“â€¦Life is meant to be lived, not simply enduredâ€¦.â€
So I read Mikes post on FH.com and I read these 3 blog posts of his and for some reason today was the day it clicked. Mike, if you’re reading this though, Thanks first of all and second of all……how about that list of books that you recommend?
My FREEDOM scenario above are just some of the things that are going to start my path on how I am going to design MY life. Because after all “It’s My Life!” and I have the personal responsibility to design it the way I want it!
What is YOUR idea of freedom and the design for YOUR life?
And one more time for Steph and Mike….here’s a big
In closing…..check out “It’s My Life” by Bon Jovi.
Well the passive income seminar was pretty cool. A lot of opportunities there and definitely great networking was going on. I may have gotten a new partner or 2 for the ATM biz.
On the first day Harv spoke for a pretty good portion of the day. He was funny. I enjoyed him a lot. I learned a lot of things and will be definitely implementing some changes in a lot of ways.
Kathy and I bought an apartment course (we’re such suckers sometimes lol) Actually, we had already been talking about multi-units so it was kind of timely and Dave Lindahl actually offers your money back on the course if you buy a 2 unit or more within that 90 days. Kathy is determined to get our money back and I’m like “well if we buy our first multi-unit and are making decent cashflow then don’t you think he deserves to keep the money?” lol Does anyone know what I mean?
So, since Kathy will be working intently over the next few months and will only be home on the weekends..it’s MY job, apparently, to find our apartment deal. I’m super excited about it.
I know, I know….Scott and others have told me to focus and I know in my heart focus is the key, but I’m really psyched about multi-units. I really am. I really want the passive income to exceed my expensive and then I will be at least FREE. After I’m free I can work on becoming rich. Does that make sense to anyone?
Btw, the first day as Mama C (as Kathy calls me lol) went well. I filled 3 of our atm’s by myself (well Brandon helped me with the chinese place,) I went food shopping for the kids and I (damn boys eat a lot!) and while I was gone the 2 of them only called me 4 times (2 each.) Ya know to tell me what the other one was doing to them 🙂 And let’s see it only took me like 15 minutes to wake Joe up out of bed…he was late to school. I had to forge Kathy’s name on his report card and Brandon and I had a talk about money.
This month, he’s -$482 but I overheard him talking on the phone about getting his girlfriend a jacket. I had a chat with him after that and it turns out the jacket is like 60 bucks! I try to explain to him that if he doesn’t get a handle on this now that it will only get worse and he will end up like most of the people out in the world and that he should not want to be like most people.
The poor kid gets stressed out but he just doesn’t let shit sink into that lil noggin of his too much. He is a good kid tho…..while I was grocery shopping he made dinner for us all. I just wish he’d get the whole money thing down. I’m taking him to my bank tomorrow to open up 2 bank accounts (one checking for bills and one account for him to PAY HIMSELF FIRST!)
Anyway, I’m exhausted…gotta hit the hay. I did no real estate today except I did accept 2 bpo’s in my area. I wish I didn’t now, I didn’t realize they were from a different company and it’s more work than I normally am willing to do for them grrrrrrrr
So first, Kathy and I left the hotel at 12:30am Tuesday morning to get to the plane (we had to drive from San Francisco to Ontario, California. Poor planning on our part, but oh well.) We left to catch our plane. Was a 5:30 hour drive.
Then when we were about an hour or 2 from the airport there were all of the warnings on the radio and on the roads that the highway that we were on was CLOSED due to…are you ready for this? Snow and Ice!!! Who friggin knew it snowed in California????
We then had to re-route and drive along the coastline to get to the airport because this main road was closed. This took another 4 to 5 hours!!!! So by the time our trip started at 12:30am, we finally arrived at the airport 11 frickin’ hours later!!! We both missed our flights.
Ohhhh but wait, there’s more. It gets better.
So I’m waiting for my next flight. The plane gets there a lil late. No biggie. We board. We are sitting there for a whileeeee then the captain comes on and says we’ll be leaving shortly as they are looking into some “maintenance” issue. Now it’s an hour later! Mind you, I am now for certain missing my connecting flight!!! They had taxied us out to the runway to take off but then the captain comes on again and says “they are checking some figures and will take off shortly.” Thennnn he comes back on and says we have to go back to the gate. This is way over an hour now. We’re all like WTF???
We get back to the gate and then, you ready? This gets soo much better. Our plane is now surrounded by cops and K9 units!!! Yes, my plane was surrounded by cops and K9 units!!! Talk about shitting yourself. Then a cop boards the plane.
The flight attendant gets on and says “will muhammad ackabakar and abdul balbhalk and ackamha sahama and bubkam madrima please step to the front of the plane and bring all of your belongs with you!” Btw, those weren’t their real names. They were Arab type names tho.
Then the airline people started taking a few bags from under the plane off the plane!
Soooo the interesting part was 2 of them were in the seats right behind me in the very front of the plane. 1 was on the left side of the plane sitting by himself and the other was on the right side of the plane sitting by himself. Then the other 2 were at the very rear of the plane. Again 1 sitting on the left side and one sitting by himself on the right side!!! Prior to them having to get off the flight attendant went to the guys behind me and said “where did your friends go?” You see they were all together at the beginning. The one guy said they went to the back. The flight attendant then said “ohhh you want me to go get them and see if they want to come up and sit with you 2. There is plenty of room.” So the guy says sure.
She then comes back and says “they didn’t want to. The one guy said he was all stretched out on the seat and going to sleep.”
I think THAT is what sent up red flags to her. She must have told the captain.
Anyway, shortly after the captain comes on and says “for security reasons we’re going to ask everyone to get off of the plane with all of your luggage and personal belongings! The cops are sending in a K9 unit to search the plane.” I was thrilled because I was like I do not want to fly on the this plane. They need to check it out.
So we get off and of course I missed my connecting flight. But American Airlines was awesome. They gave me 2 choices: Wait til the plane is done be searched and head to Dallas and spend a free nite there and leave in the morning. Or stay in Cali for free and leave tomorrow morning. I did NOT want to go on that plane again so I opted to spend another nite in Cali. Btw, I had nothing to use personally, i.e. toothbrush, deodorant, etc. The only thing I had was my laptop. Kathy had all of the luggage and she was already in the air on a different plane. Luckily, the hotel gave me all of the necessary things I needed for free. Plus, they fed me.
UNBELIEVABLE, right? I just wanted to let you all know that I will no longer complain about being “momma” Carey for the next couple months. Cuz the truth is I’d rather be momma Carey instead of dead Carey cuz I was splattered all over the world cuz my plane was blown up by terrorists! Know what I mean? I get in at 5:15 this evening and Kathy texted me telling me that I had to take Joe to Karate and that afterwards he wanted to go to boy scouts so I had to take him there….I was like NO PROBLEM!
Oh yeah baby! You read that right, $337,000 a month! That’s what I was making….last Monday that is, prior to leaving for California when playing Cashflow lol with Kathy and 2 friends of ours.
A poker bud of ours, Bob, and his wife, Colleen, invited us over to dinner to play some cashflow and talk about the ATM business. We are going to start hanging out more for sure because we’re definitely like-minded couples.
Anyway, I won the cashflow game and when it was all said and done I was making $337,000 a month…yes a MONTH! lol It really got Kathy and I psyched and honestly, it helped to make me start thinking in bigger numbers too.
It may be a pattern for myself cuz I started with mobile homes and then wanted to get into single family’s because I wanted bigger numbers and now I’m interested in multi-units because I want bigger numbers again! After the game on the drive home Kathy and I discussed buying multi-units. That was always a future plan of ours, but we decided why wait? We’re going to start looking and hopefully buying them now.
During cashflow my job was an engineer. And the thing that really popped out in my mind is that while I was an engineer making a decent salary and having lots of expenses every month I still went out and bought assets that helped push my passive income up so that it eventually was more than my expenses. So that was the take away I got and shared with Kathy…I said, “you know the whole premise of that game is to start buying these cashflowing assets while you still have all of your current expenses so that they eventually pay for them all…..not to wait until your out of debt and then buy them!”
Do you guys agree or what? I was on a mission to get out of debt (and I still am) but I shouldn’t let that distract from my main mission of accumulated tons of passive income streams, right?
I will be leaving San Francisco, CA. at about midnight tonite (we got an 8 hr. drive to the Ontario, CA. airport…don’t ask…horrible planning.) And then I’ll be home by Tuesday 10 or 11pm. I am super excited because I have a lot to share plus, I’ve missed my kitties.
On a not so exciting note…….Wednesday AM is when Operation Momma Carey kicks in lol cuz Kathy will be traveling for work and I’ll be taking care of the boys (Brandon and Joe.)
So tomorrow (it’s actually today but I didn’t go to sleep yet, so it’s tomorrow still for me) I have to get a lot of stuff done cuz Tuesday morning I’m flying to California. I’m more nervous to fly this time more than ever before because I’m taking my first ever flight that doesn’t fly straight through. I have to make a connection. I never did that before. ughhhh
Anyway, tomorrow I want to resubmit a bunch of offers and verify that all of the atm’s are stacked and ready for us to note be here for a week. If I have time, which I doubt I will, I’m gonna check out some houses.
I’m super-psyched about tomorrow nite as Kathy and I got invited to dinner at a poker friend’s of ours house. He and his wife wanted us over to a) play cashflow 🙂 and b) talk about partnering with us on atm’s. Bob, his name is, and his wife, Colleen, are sooo super nice. I really do enjoy their company a lot and they have 2 kids and their lil girl I swear to you is the smartest kid I’ve ever seen in my life. For real.
Ok Kathy just texted me to see where I’m at lol I just got home as I was with Donna and lil Andrew all nite (they had some church xmas show that they were going to and Andrew wanted me to come so I went. It was fun but we left early and went to Mickey D’s and then hung out at his house all nite.) I’m happy I got to see him before I left.
One last thing…I love my mom! I picked her up today and showed her how to drive to my house and then back home. Her and my aunt will be staying at my house on the weekend when Kathy and I are gone. She’ll be watching the house and the cats (and keeping an eye on Brandon to make sure he and his girlfriend aren’t sneaky away into the basement trying to get busy! mhmmmmm more on that another day lol)
Anyway, I just wanted to say again that I love my mom to death. She definitely is the best mom in the whole wide world.
I figured I’d throw a lil old school LL Cool J in there today. Have you guessed yet that I’m leaving for California in a few days? Actually, I’m not technically going back as I’ve never been there, but I like LL and since he talks about it in this song, it’s just a fitting video for this post.
Our plane leaves the morning of the 1st. Actually, Kathy and I are on 2 different flights cuz she used her points to pay for our flights and it just worked out on 2 different flights. I do not like to fly at all. I get a nervous feeling in the pit of my stomach. I use to drink right before getting on the plane to help me feel better but I can’t even do that now because I cut out my once in a blue moon drink because alcohol gives me heartburn (and I don’t take anymore heartburn medicine.)
We got a pretty packed schedule out there. On the 1st, later that nite we are meeting a friend and her hubby for dinner and we are going to talk to them about atm’s as they are interested in partnering on a few deals with us. Then from the 2nd to the 5th we are going to be at a seminar called “Never Work Again” and it’s one of the seminars that T. Harv Eker puts on. This one is about passive income. It should be really good. I don’t know if any of you read his book,Secrets of the Millionaire Mind, but if you’re ever attended his free seminar the Millionaire Mind Intensive then you can only imagine what the seminars that you actually pay for are like!
After the seminar ends on the 5th at 7pm we’ll be driving to San Francisco. On the 6th or 7th we’ll be meeting with another friend and her husband and most likely doing a Rainbow presentation for them lol and then talking to them about atm’s as well. They are interested too! Then another friend of ours and her hubby, we’ll be meeting to most likely do a Rainbow presentation as well. We’ll probably throw in an atm talk too, but she doesn’t know about that yet. lol
Thennnnn we’re going to Alcatraz. That’s all I really wanted to do in Cali for real. So I’m excited about that. We’re keeping our spending to a minimum because of our budget, remember? That’s why we’re trying to meet up with friends and hang out, etc.
So, I probably won’t be blogging for a bit….definitely not during the seminar, but if I think of it, I will that way I can give you guys all of the important tips and tidbits I take away each day. And we can all get wealthy off of our passive income together! Woohooo!
Well it’s awesome to be back home. I was in Vegas for 7 days and I was ready to come home after day 3 to 4. I love Vegas but prefer it in small doses……
Anyway, I rested up Saturday and Sunday and now I’m ready to get back in action. My marketing schedule I made I think I’m going to alter it………I’m going to do a few things to do each day rather then give myself a whole slew of things to do….from my past I know that I made more money in real estate when I would actually write down 1 to 3 KEY things to do each day…..so I’m going to go that route again.
My to do’s today:
1) Take care of Vine St. heater problem (I got a call from my tenant while in Vegas that they have no heat.) – I already spoke to the warranty company about this and the hvac guy called me and should be coming out tomorrow.
2) Email Uncle Joe- my uncle Joe has a lot of money in certain accounts and he’s let me use his statements to make cash offers in the past…so I’m asking him for an updated statement. I already emailed him.
3) Clean desk- my desk is sooo friggin disorganized that I need to straighten it up. I haven’t gotten to that yet today.
4) Put out 10 bandit signs- haven’t gotten to that yet.
Now those are just 4 little tiny things……but accomplishing them today would really feel like I did something worthwhile, ya know? I think I also added to my list to determine and write down my daily, weekly, monthly and yearly goals.
Btw, the atm’s rocked while we were on vacation. The gentleman’s club kicked asssss 🙂
Ok it’s good to be back…..I hope to hear from you all and coming soon I want to talk about debt a lil bit.
Ok so I did check out houses the other day and I have the houses set aside that I want to make offers on. Every house that I could actually get INTO I’m going to make an offer on. Some houses I couldn’t get into, one house went under agreement about an hour before I wanted to see it, and 2 houses had tenants living in it and wasn’t an reo yet, so I wasn’t quite that interested in getting into those house, plus they needed notice.
All in all I was suppose to see 9 houses I believe and only got to see about 4 or 5, but I think they were 4 or 5 decent places and I’ll make offers on them all. Problem is….Kathy and I are getting ready to leave for Vegas for a week on Saturday so we’ve been busy getting ready for that. Soooo, I’m gonna just have to force myself to do it this evening I guess….but it may be REALLLLY late cuz we’re heading to an ATM that we own that is in a Gentlemen’s Club (if you can ever get your atm inside a gentlemen’s club my advice is to JUMP ON IT! Our surcharge for that atm is $7 🙂 So we’re heading there tonite to actually take cash out of that atm and put it into an ATM that we have at a cash only chinese place for when we go on vacation. The chinese place goes through roughly 2k a week……so we gotta stock it with cash since we won’t be here to fill it.
Anywho, I also just accepted a BPO offer…why? I have no friggin’ idea…..I should have just took the address and started marketing to the lady in case she’s goin’ into foreclosure. But I’ll do the bpo….maybe it’s one of my small ways of getting back into the swing of real estate shit. Ya know?
Oh and that short sale deal that I was working on for a listing I have….the friggin’ buyers backed out again! This is why the real estate agent gig I feel is a sucky full-time thang. Buyers are soooo damn annoying! They don’t want to not receive their $8k tax credit from the government. Oh wait….here’s the funny part, they wanted an answer from the bank whether they were going to accept the short sale or not in 8 days! But when you counted only business days….it gave the bank 6 days to respond lol
Needless to say, they back out of the deal when I told them it would take roughly 37 days from beginning to end for the banks answer (Wells Fargo sent me a time table for their short sales.) So annoying….
Ok I’m off to shower as I’m stinkin’ and sweaty from workin’ out…….off to make something happen! I have put 0 bandit signs out, which I need to do because they are by far my biggest money maker…..no questions about it.