Wealth Address

Thursday, August 23, 2007

Still learning...


Good morning, it's Thursday, August 23 and the lessons keep coming. I spoke more in depth with my realtor friend and she explained to me that the list she's sending me are of houses that have already been foreclosed on and the bank owns them now. She said I'd be buying them without disclosures, on an "as is, where is" basis. She jokingly said that I would have to "Bid and light a candle." That didn't do much for my confidence, but did make me chuckle. That seems a little intimidating to me, so I've forwarded the email to my mentors to get their advice. I want to find out if this is something for me or if it's for a more experienced investor. I also would like to know if there is money in this, for everything would be sort of pointless if we went through all this trouble and didn't make any money. Not that I'm an avarice person, but I have bills just like everybody else and the ultimate goal is to replace my J.O.B. with investing money. I would like to enjoy the freedoms that these successful investors tout. I have a million and one ideas of the entrepreneurial nature and would love to one day have the resources to put them into action. Being around Mitch and Joe has awakened that spirit and now it wants out! So I have a lot I would like to accomplish and down the road, I would love nothing more than to leave the "family business" to my son. That would be a feeling like no other. Anyway, that's enough for now. I'll let you know what the mentors say about these foreclosed on houses and tell you if it's for me or not! Have a great day, sign up for the newsletter and we'll talk again soon. P.S. My cameraman left last week to go back to school, so there's been a major slowdown in video work, but I'm working on rectifying that, thanks for sticking with us. Back to http://www.wealthaddress.com/

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