I trade options based on technical analysis. I typically use trading range and trends to do a combination of credit and debit spreads. In order to limit my risk I stay away from naked or uncovered positions. My other passion is Real Estate investing. I currently own a couple rentals and helps offset my living expenses. I am always looking for new investment and income streams so let me know if your interested in discussing. Thanks.
I graduated high school in Sioux Falls, SD, then moved to Minneapolis in late 1995. Thanks to a friend letting me stay on their couch while I got established. I only had 500 dollars to my name at the time.
After moving to Minneapolis I started work at a temp agency doing collections calls for Retailers National Bank on Mervyn’s Credit Cards. It was a late shift and not very rewarding. It was here that I was first introduced to Real Estate. A fellow co worker had become a Realtor and brought me a few listings to look over. I started doing the math and realized it was near impossible for me to buy something but the seed had been planted.
At the time I had been going to school part time and working full time. Working and going to school didn’t work for me. I was always tired and I wanted to have a social life. After being late and missing a few days of work due to partying I was eventually fired from collections and had more time for school. This is when I started looking for a new job since my savings wasn’t going to last long. It was in 98 that I started working for the phone company and making good money. It was a union job and paid well but the hours made it impossible to continue going to school. I never finished college but I was making more than most people with degrees since it was a union job. It was at this job that I started learning more about investments and Real Estate. They even had a program that paid for me to get my Real Estate Sales License. It was then that I really got hooked on rental property and starting working on getting my first property. This was during the start of the real estate bubble. I had sold a couple houses as a part time Realtor and full time phone guy.
One year after I had gotten my license I was laid off from the phone company. I was horrible at marketing my Real Estate sales and eventually had to move back in with my parents. This is when I was rehired by the phone company. While I was making decent money again I hated it. After being out on my own I knew this wasn’t the job for me so I quit and went back to school.
I am not a college guy. It didn’t last long. After the first semester I dropped out and got a new job. I was now in my early 30s and living in my parents basement with no money or savings and I knew I needed to find another job. Thankfully I still had a passion for investments and business so I figured I should get a job where I will learn about what I like and get paid. I went to work at the bank as a personal banker figuring I would learn about banking while I saved up to buy a new house. This worked well until I learned all I could and figured it was time to move on.
The bank taught me about loans and bank accounts but didn’t teach me anything about investing. This is when I went into financial advising where I got my Series 7 and insurance licensing. I was in heaven. I loved the investment side of things unfortunately I am no good at getting clients. The good thing is this helped me afford my first rental property. I bought my first duplex in 08. This was right after the crash and before they shut off the grant programs and loose lending standards. I bought the place with nothing down and walked away from closing with 3000 in my pocket. I lived in one unit and rented out the other while having a roommate. Between the rent and roommate I had no mortgage payment. This was great but instead of saving I bought all the things I had been putting off for the last few years instead of saving for a new property.
I lived there for a few years until I met my wife and had my first child. We moved into her house and I started working on the phones taking stock trades with a local brokerage house. I climbed the ladder till I was working in a specialty team working for high net worth advisors and their clients. I leaned a lot about investing, different types of accounts and ownership’s and how rich people invested. It was a great learning experience. I also started selling Real Estate again part time. I got a little better and when my daughter was born I quit working at the brokerage firm and started Real Estate full time again. Having a new born and trying to get my business off the ground was difficult. One night while my family slept a friend posted that my old telephone company was hiring again and I applied that night. The next morning they called and offered me the job.
My daughter was about 9 months old and we put her in day care while I worked full time and did Real Estate on the side. My wife and I started looking at properties and putting together a plan on getting another one. After a couple years of saving we had our son. We were getting close to having enough for a down payment . Instead we stayed home for the 1st year of our new sons life. We each took turns staying home for 30 days at a time to raise him. It was the best thing ever but ate deeply into our savings and so we had to start saving again.
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