Amateur Turns Pro |
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| Written by Eric Olson | |
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Looking back at my career as an Executive Chef, planning my exit from the culinary arts to go full time into investing was scary. I had garnered extra capital through winning a couple of international cooking competitions and I invested the money in some Southern California seaside condos at the advice of a real estate broker and relative. Nearly a decade ago this was viewed as a poor decision by most of my associates and colleagues in the culinary field. As time moved on I took note of the difference in earning between my weekend, nights and holidays job as a chef in comparison to the returns that my personal and investment properties were garnering. At that point I knew I needed to develop a strategy for myself and change my game by moving into investing.
What exactly does being a chef have to do with real estate investing? Time and time again we hear, “Can you really make money in real estate?” “Are seminars worth the cost?” “Don’t bad tenants destroy your properties”? Here are some views on investing from a chef turned investor.
First, I needed to set some goals, so I turned to a leader on the subject, Brian Tracy, author of the book Goals. John Schaub’s course Making it Big on Little Deals helped me achieve a more defined direction into investing. John’s course is a productive hands-on course which guides you through the process of filling in both your personal and investing goals in the workbook and shows you how to start making money in real estate. This was where I got my start and where I was able to turn the corner from cooking to looking for deals.
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