Anyone who knows me knows that my years in real estate investing have taken a number of twists and turns. I've had some great big wins and some painful losses (just like any other investor with more than a couple of years notched on their belt).
These experiences have been an important part of my path to success. And they have taught me some powerful lessons – lessons that have shaped and reshaped the choices I make and the way I think – about investing, about what makes a truly good deal, about what’s worth the fight and what’s not, about cash today vs. cash flow, and so on.
And frankly, I get a great deal of fulfillment out of helping newer investors find their own path in real estate investing, while hopefully shortening their own learning curve a bit from sharing some of the key lessons I've learned along the way.
The Equity Delusion
I recently met with a nice young couple. While they have regular jobs, they had flipped a couple houses and had a portfolio of 3 rental houses as well. They had asked me to look at what they were…
Ken Holmes
Ken Holmes graduated Clemson University in 1985 with a degree in Economics. After spending a couple years as a raft guide and travelling, he began his career in real estate as a residential appraiser in 1987. He went into business in 1993 and has done just about everything possible in real estate. Rentals, lease/options, rehabbing, short sales, owner financing, development, new construction – he has done them all at different times in his career. At present, he focuses mainly on rehabbing without borrowing money via joint ventures. He is a proponent of a debt free, low overhead business. Ken is married and has two boys. He is an outdoor enthusiast and enjoys whitewater kayaking and camping.