Eileen and I are both pretty gutsy having had to work in the high-tech world dominated by men. Proving ourselves on first impression is part of our nature, otherwise we would have never survived. We took that into our real estate career as well. Looking back, we really didn’t need to, but we did anyway.
We funded the first deal ourselves. We turned every mattress, emptied every investment account and retirement accounts and funded our first deal. Even though Armando Montelongo trained us that we didn’t need money to do real estate deals, our hard-headed-ness got in the way. We felt we had to prove ourselves before we could invite investors into our business. Now that we’ve enjoyed several real estate deals funded entirely by investors, I think back and wonder if we really needed to do that. We were well trained. Many others have left the Armando bus tour seminars and immediately won over investors, raised significant capital and hit the ground running. But not us. We had to prove ourselves to ourselves before having the confidence to attract investors.
What’s the real reason we didn’t solicit investors initially? Is it a female thing? Do women approach real estate investing differently then men?
Comments welcome.
Guy here. And not really. I mean, if you really want to invest using your own money, you sure as heck can do that! When I started as well, I was tempted to start without using my own money. But I’ve figured I want to do this using my own resources and means so if I fail, im the only one to blame. fortunately, I’ve succeeded! Eitherway, my point is, as long as you know you will succeed using your way, do it, and do it good! Real estate interviews and podcasts at http://courseinrealestate.com