As the years went by, I always knew that I wanted to learn more about real estate but I didn’t know where to start. I didn’t really think to ask Harry how he got into real estate or question him about being a landlord. I was raised to treat issues like money as a very private and extremely personal matter. So, as a result, I thought it would be rude and intrusive if I were to ask Harry about his business. Besides, Harry was 30 years older than me and I wouldn’t THINK to ask such a think of my elders. Well, that was my loss and I think it was wrong for my parents to raise me that way. What could be more important than learning from your elders, the successful ones that is, about how to make money and invest?
Over time, like so many others like me, I would read books about real estate and eventually I bought the seminar tapes on the Carlton Sheets’ No Money Down program, but even that wasn’t enough to get me started. What really did it for me was learning from someone in my age category and someone who was doing what I wanted to do and doing it in my own back yard - so to speak. That’s where my business coach and mentor, Mark Ijlal, comes onto the scene.
In November, 2005, my wife, Analiza, was taking a 5-week vacation to visit her mother back in the Philippines. Our daughter had not been born yet, so it was just me and the family dog, Adam, staying home thinking of ways to get into trouble. Analiza had only been gone about 2 weeks when I took a step off the deep end!
Let’s take a step back for a moment. You see, a month or so before this time I was scanning the AM radio dial for something new and interesting to listen to. It was a Saturday morning when a lot of “do-it-yourself” shows are on. You know the kind: car repair experts, financial investment experts, nutritional supplement experts, real estate investing experts, etc. Well, you guessed it, Mark Ijlal was on the radio (WDTK, 1400 AM) on a Saturday morning with his real estate investing show, The Real Estate Warrior Show. After listening to him for a few weeks and hearing about his upcoming “Quick Start Bootcamp” for the new and budding real estate investor entrepreneur (me), I had the seeds planted in my mind.
So, while Analiza was away I decided to sign up for the one day seminar and that was the best 14 hours of my life! That is when Mark laid out everything I needed to do to get started in real estate investing. He taught me how to set up my LLC, how to get an employer ID number (which is like a social security number for your LLC), how to get free business cards printed up, how to set up a business checking account and apply for business credit, and how to find, evaluate, and bid on investment properties. There was much more covered, but needless to say more than just the basics were presented to me at that time and I had enough information to go out and get my career started.
When Analiza came back from her vacation, I presented her with what I had done.
- ComfyQuarters, LLC was formed (filed articles of organization)
- Employer ID Number was assigned (EIN)
- Fax line was set up
- Business cards were ordered
- Business checking account was opened
- Business line of credit was obtained
I was now in business!
After seeing all that I had accomplished in her absence, Analiza saw the vision and she was behind me in my mission. I had assigned her as the bookkeeper and accountant (CFO) and she took the position gladly knowing that I was on the right path to make this a successful venture.
So, thank YOU, Mark Ijlal, for teaching me what I needed to know to get started in the business I have wanted since I was a young boy. Mark gave me the actual tools needed to implement the dream.
What are YOUR dreams? Do you know what tools you need to make it a reality? Find others who share your dreams and who are living theirs. Ask them to show you how they did it. Don’t be shy!! Do not hesitate to ask others how they obtained something or have arrived to somewhere you would like to be. If they say no, then ask someone else -- but don’t give up on your dreams. I didn’t. And I still haven’t. I dream every day and I work a little bit more each day toward my goals.
I encourage you to do the same …
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