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I have my First Job in The Real Estate Market! |
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Monday, 21 April 2008 |
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Today, I went to work for my first job in the real estate market. I'm really excited about it!
I'm overseeing marketing for BridgePoint Investment Group. Bridgepoint is owned by Hong & Dianne Lee and they focuse on real estate investing, property management, and REALTOR sales in the Austin, TX market. I'll be learning these three different areas. They also go by Austin House Hunter and Duplex Dianne. I will only be working part time which will allow me to be with my daughter the rest of the day. Hong and his staff are excited about my new venture into real estate and my blog and podcast. So I will be sharing from time to time what I am learning in the office.
Last week, I went to home (The Rio Grande Valley, TX) to see my parents and relatives before I began my job here. It was great to see everyone and share with them my new journey. I've been away about 10 years and every year I go back to visit, I've seen new growth in regards to commercial real estate and residential developments. Now that my mindset is in Real Estate Investing, I called a couple of ads for fourplexes in the area that they were just building. One investor was building a subdivision of fourplexes with 2/2's in the front and 3/2's in the back with covered parking for $289,000. The other could build you 1- fourplex (3/2 all) for $310,000. I didn't ask about square footage or any other details but I wondered if that was a good price for the area? was the market on the way up? or were they just wising to get as much as possible from an outsider? As I keep learning I'll be able to answer these questions more easily. |
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Getting Ready to Launch the Site |
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Monday, 14 April 2008 |
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I've been busily getting ready to launch this site which currently is in a test phase. I've been designing the site and adding all the content while lining up interviews for my podcast. Lots of work to do just to get going! As part of getting going, I've been looking for a position in a local real estate investment firm. My goal in this journey is to learn as much as I can about real estate investing and find a way to make passive income through it. So several steps need to be achieved short term to prepare me for this journey.
1. Learn as much as possible
2. Practice in a safe environment
3. Interact with veterans in the field
4. Make a living at what I enjoy doing while I am learning
5. Prepare myself financially to purchase my first home/investment property
I will sign out now but let me leave you with this thought... If finances were not an issue and you didn't have focus on a job/career day to day, what would you be doing with your time right now?
For me, it's spending time with my daughter teaching her different things, painting and taking photos for fun, helping my father launch his non-profit organization, and giving to others whether through charity organizations, encouraging students, or simply being there for a friend or loved one.
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