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  1. Jakawan

    how to handle your financial situation

    What gets measured, gets managed. Keep track of every dollar for 3 months. A hundred here, a hundred there, makes thousands go fast. Do you keep your business and personal account separate? Do you use Quickbooks? I'd also suggest getting a Simple.com bank account. It's great for budgeting...
  2. Jakawan

    If You Have Savings In Your 20′s, You’re Doing Something Wrong.

    HOT! 
    I used to read finance books and get rich books and some Dave Ramsey, and they talked about compound interest and the magical "If you save just $2 per day for 30 years! Blah blah!" I grew up very poor. Counting nickels and pennies to buy Great Value bread kind of poor. So when I finally got to...
  3. Jakawan

    A Word of Caution Regarding Cheap Real Estate

    REAL ESTATE 
    In my market, it's kind of weird with those $9k houses. We have the NE side where those $9k houses are as you describe, worth less than $0 and an experienced investor would have to be PAID to take it off the sellers hands. On another side of town we have a certain ethnic group occupying the...
  4. Jakawan

    Does it make sense to drop out of college to become a real estate agent?

    REAL ESTATE 
    I don't participate enough, so I'd like to offer a suggestion that I haven't seen from anyone else yet. You don't have to be an agent to learn real estate and to make money in real estate. It costs about $1200-$2000 to get started as an agent if you count all your MLS dues, classes and testing...
  5. Jakawan

    Recovering Cheapskate

    Recovering Cheapskate
  6. Jakawan

    How bad do you want it? Enough to go "all in?"

    GOLD! PEOPLE 
    Hey MJ, sorry I just now read this.. I don't get on here enough! How I made what happen? Made the money? Or how I found someone willing to teach me and hire me? I've been wholesaling houses off and on for 2.5 years now. I called every single "We Buy Houses" bandit sign and craigslist ad I...
  7. Jakawan

    How bad do you want it? Enough to go "all in?"

    GOLD! PEOPLE 
    I think I have a pretty fun story. All of us have a back story. Something we had to go through to get where we are. I was 22 years old. I was the youngest correctional officer at the prison I worked at. I had to grow up fast to work around all those negative people and be an authority figure...
  8. Jakawan

    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I've read the millionaire fastlane! A couple friends kept telling me to read it and that it will change my life. It is super motivating and a well-needed smack in the face. I love the writing style, it's like being mentored by MJ and having a conversation rather than compiled information and...
  9. Jakawan

    How do people become Billionaires in Real estate?

    EXECUTION 
    One house at a time. And you CAN'T do it alone. Whatever city you're in, there is most likely a real estate investor association. Go there, become known. Meet people. Eventually you will learn who the big players are, and who the groupies that just like to hang out and feel important are.. Do...
  10. Jakawan

    'Making it' while living at home

    HOT! 
    I come from an Asian family. The kind that.. works at Hampton for 36 years, becomes a cleaning manager, saves money like CRAZY, lives a super boring life just to end up with $360k and a car and house they paid cash for by age 64, then gives me advice to become a nurse and run the same course...
  11. Jakawan

    Okay, I admit it...like 99% of dreamers..I'm just a WANTrepreneur

    NOTABLE! MINDSET 
    Hey everyone. I saw this post and had to log in just to reply. I would like to share my insight from the same side of the fence. We are motivated by desperation or inspiration. Pain or pleasure. I feel that for most of us... pain is more motivating. In January, I was down to my last $100 and...
  12. Jakawan

    How do you guys find the deals ?

    REAL ESTATE 
    A little old thread, but I found it, so I'm sure someone else will. The way you find real estate deals depends a little on what kind of deal you want to find. Do you want to find large equity homes that may be very distressed and need repair that can be fixed and flipped or wholesaled? Or are...
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