Category Archives: Uncategorized

2012 – Best Year Ever?

December was a crazy month. There were the holidays of course, B’s first Christmas, New Year’s Eve, a trip to CA to visit Dad’s family.

My brokerage let me know they were closing on December 31 so I have had to scramble to get into a new brokerage and get my listings transferred. I’m a firm believer that everything happens for a reason, though. My new broker has a much larger vision. The firm does bulk deals and new construction, a far cry from the 30k properties I currently sell. While things are in the beginning stages, I feel confident that my business is going in a new, better, more lucrative direction.

This brings me to my New Year’s Resolutions:

-Buy 4 rentals

-Complete one multimillion dollar transaction

-Stay physically active

That’s it. Nothing else. Of course, each of those large goals involve a lot of little ones, but I figure that’s pretty straightforward and sufficiently ambitious.

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Barbara Corcoran – If You’re Listening I Want to Talk!

I just read this book Shark Tales by Barbara Corcoran. She was a real estate mogul in New York City in the 80s and 90s and sold her company for tens of millions of dollars. She’s now on the ABC show Shark Tank and is investing in other people’s businesses.

You have to love Barbara. She’s brash, honest, simple in her approach and is also utterly charming. I’m not sure if the techniques that worked so well for her brokerage 20 years ago would work the same way today, but maybe that’s just me making things more complicated than they are.

I’d love to get an interview with Barbara. The people who get on Shark Tank generally seem to take for granted that they are standing in front of 5 people who could change their life forever. Believe me, if I ever got face time with Barbara I’d come out of it with the knowledge to make millions. So, Ms. Corcoran, if you’re listening, please drop me a line. I’ll meet you anytime, anywhere.

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Mom Intro

I’m a new mom with a 6 month old daughter. We’ll call her B. I also have a wonderful husband who will be Dad. Although I’m a mom, being a mother is not the over-arching term that defines me. This is about my navigation of a world that’s obsessed with money but afraid to talk about it.

More importantly, it’s about my quest for $1,000,000.00 in equity. Right now I think I can do it in 10 years with real estate. I own 2 rental properties which I purchased for cash over the past 18 months.

Here is the breakdown of what Dad and I bring home:

Dad – 85k salary since June 2011
65k salary from May 2010 – May 2011
Grad school before that
Mom – Self employed real estate agent
– 2008 ~ 75k after expenses
– 2009 ~ 140k after expenses
– 2010 ~ 140k after expenses

We live in Atlanta, GA where cost of living is relatively low. We live on a budget, but the budget is high. I’ll be completely honest about our income and spending, what we spend on, where I think we’re messing up, and where I think we’re doing well. I’d love it if others would weigh in on how much they spend, how they are reaching their goals, etc.

Let’s open up an honest conversation about money and hoist ourselves out of this economy by our petards! I’m aware Dad and I make more money than most. I want to know what you’re doing within your means to plan for your future, spend, and enjoy your time now. Can’t wait!

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