prosper-inc’s posterous

YOU HELPED ME MAKE A PARADIGM SHIFT

My real estate business plan has initially focused on establishing a new independent engineering consultancy that will form the financial foundation for moving into real estate investing and land development as a personal income source. The Robert Allen and Prosper Inc curriculum has helped me in being more intentional and disciplined in my consultancy (e.g. the time planning coaching session has increased my billable hours and I have been able to pass this wisdom on to the under-14 girls soccer team that I coach).

During this training period I have taken a conservative approach to real estate investing by aiming at purchasing one new property per year. However, I envision there being more opportunities coming my way since I have had a major change in mindset away from making other land developers rich (i.e. via the engineering consultancy), towards looking for partnership deals.

As an example, I have recently been fortunate enough to be included in a power team that is very experienced in real estate development. We analyze at least one large property per week, and I am pretty confident that the right deal will be coming through soon. What is also exciting is that I can contribute my engineering skills and professional signing power to the team.

By letting people know that I am a real estate investor, I have had two people intentionally approach me during this initial training period. One with a piece of land that this person is wanting to build 8 residential units on. The other person is a Builder who would like me to do all the up front work (finding and purchasing the property with his financial input; plus rezoning and engineering design). He will conduct the construction work in this partnership.

Thank you again Prosper Inc for walking alongside me and showing me the way. It has had a major impact on moving me forward to where real money can now be made.

The fear of getting started, the fear of making offers, the fear that finding financing will be very difficult. With all tools learnt in course so far, I am much more confident in making offers knowing that there are numerous ways of financing a project. I have recently applied this principle to an engineering project and am making $5,000 on a $30,000 assignment by sub-contracting the work out to other engineering colleagues. . As you say, its not life threatening after all! I have analyzed over 30 properties and made two serious offers with quite a few more on the immediate horizon.  

You assisted me in making that paradigm shift to get moving and to get into a habit of doing things. They say it takes 21 days to form a habit. In this case it has been the habit of looking for those special deals that are out there and at the same time looking to see if I can create a win-win situation that helps the seller as well.

Jeremy C.

Kamloops, BC, Canada