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Hello from Austin
Hello everyone from Ausin, TX.
It is fascinating how life works out sometimes. How so?
Here we go: I wrote a book several years ago. Well, 14 years ago to be exact. I am ashamed to admit that I have left that much time go before wanting to take action.
You see, back 1994 I was in the Air Force. I had done tons of reading about investing in stocks, real estate, etc. I had one year left in the Air Force when I used my VA loan to purchase a 4-plex rental property. A VA loan is available to veterans and allows one to purchase a property with zero money down. Heck, not only did I not use any of my own money, I walked away from closing with money in my hand from the seller paying some closing costs and me getting the pro-rated rents. My wife and I lived in one of the units while the other 3 rents covered all the costs. We lived for free until I sold the property 2 years later at a profit of $53,000. In fact, since I put zero dollars down I cannot calculate my return on investment, but let’s say it was 53,000%. Not bad for a 24 year old kid. Well, I took that money and through a tax-deferred exchange purchased 2 more 4-plexes when we moved to Austin. Though I eventually sold out of both properties I again lived for free for several years and made a significant profit when I sold.
Well, I wrote a book about how other Veterans could do the same as I did. I added chapters on dealing with tenants, advertising, collecting rents, maintenance, etc. Now, at the time all that was available was traditional publishing. Though I briefly looked at getting it professionally edited, I was told at the time that if I sold the rights I might get $25k. It did not seem worth my time.
Here we come full circle to my intro about how fascinating life can work out. Last week I had to move offices. During the move I came across my original manuscript. The very next day I found this crazy book on Amazon entitled, “The Millionaire Fastlane.” How serendipitous is that?
Needless to say I am recharged to begin a serious revision and rewrite of my manuscript and begin the hard work of getting it out there and marketing it.
Oh, anyone know of a professional editor?
Hopefully I can come back here in a year or two, or more, and have a success story to tell. J
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Austin is my absolute favorite city in the US. For a few years I rented a small apt on South 1st. I would work in NYC and fly to Austin every weekend. Tried to find a decent job in Austin for years but just didn't come close to what I made here. Still those were good times.
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I was over at the Timbercreek Apartments. Had a little shitty $450 studio up til 2008. During the week in NYC I would sleep on my couch at work, stay with friends or at my moms. Friday night I would hop on a plane and fly down to Austin. Had girls up here and girls down there. Other then living like a nomad it wasn't that expensive. $1600 a month to live like this. But having a good time in Austin is cheaper so if may have worked out to even less.Originally Posted by Ready2bfamous
Wasn't a sustainable lifestyle but it was alot of fun and one of the more interesting times in my life.
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