What Made You Start Your First Investment Strategy?

A man studies on how to make his first real estate investment.
What Made You Start Your First Investment Strategy? | Blog | InvestingTE.com

Comfort, discipline and passion describes me “many of times” when it comes to being driven to absorb more real estate knowledge. 

The passion for success and freedom drives many people to real estate.

Unfortunately, the educational side of real estate is a self-service obstacle. 

If your desire to self-educate isn’t high enough, you won’t get it because its not taught in school. 

You either choose to begin your metaphoric climb “up the obstacle” or you don’t.  

I chose to climb and am still climbing! 

Follow along as I explain how one of many self development journeys started.

How My Interests Developed

A lady stands as the L train passes her.
What Made You Start Your First Investment Strategy? | Blog | InvestingTE.com

Although my interest developed with a mixed multitude of events, through conversations with friends, seeing successful people on TV, and knowing friends and family that owned multi-family properties, I was intrigued. 

I do recall when my interest first developed, up late one of many nights, watching television and an infomercial came on about “pennies on the dollar!” 

“Pennies on the dollar??” I thought…Next, they mention – “take the most profitable strategy in real estate and learn how to invest with just pennies on the dollar!…” 

I was intrigued to say the least. 

  • What could they be advertising and is it true?  
  • Can you purchase real estate at just pennies on the dollar? 

Many thoughts crossing my mind…

“Is this a scam?” I thought. This is late night TV and many of these targeted promotions are usually just money grabs for those who fall victim. 

My precautionary alertness was high, but I knew I needed more information. 

Time for a little research I thought…

Research Mode Begins

A lady researches potential real estate investments on her iPad.
What Made You Start Your First Investment Strategy? | Blog | InvestingTE.com

As I reviewed the offer for this program, it wasn’t too expensive.

A few hundred dollars to learn how to invest in the “the most profitable real estate strategy.” 

I took the plunge. I had to know more and the details appeared trustworthy.

I can’t recall if I read Rich Dad Poor Dad before or after this, but I certainly read that too, just like many investors! 

Great book on application of mindset to say the least! Boy, was I excited when my package arrived!  

I learned so much regarding tax lien and tax deed investing! 

What a great investment!  It was my first investment strategy and I still use these strategies to this day. 

Tax Lien & Tax Deed Investing

100 dollar bills on a green table.
What Made You Start Your First Investment Strategy? | Blog | InvestingTE.com

The package was a mixed batch of DVD’s, books and a few manuals.  

Pretty thorough and worth the cost, I thought.

Tax lien and tax deed investing has many variances in the applications of how it works from state to state and county to county.

However, once you understand the process, it is very intriguing. 

This is one of many journeys I’ve taken down the path or real estate. All of which, self-education has been the foundation. 

As I look through my library of books, I realize that the book that really got me started (Rich Dad Poor Dad), I don’t even own!

Reminds me that I borrowed that book from my friends older brother back in high school! 

I recall conversing on many topics while cutting his hair.

Surprising how I remember the conversation and how we talked about him fasting for the first time and how much energy he gained from doing it including needing less sleep!

Amazing! In that conversation he began to tell me about an amazing book he just read – Rich Dad Poor Dad and that everyone should read it.

The next week, for his next fade, he brought the book for me to borrow.

Well, there’s two of my first educational real estate sources. 

Books are definitely a staple in my quest for real estate knowledge as well as other topics. 

Thanks for reading!

This is my first blog, but I’m trying…Hopefully this helps someone and provokes positive thought.  

So, how did your journey start? Please comment.