My First Real Estate Transaction

"You see that building over there? I bought it three years ago. My first real estate transaction. I sold it ten months later and made $800,000 profit. It was better than sex. At the time it was all the money in the world. Now it's a day's pay"
-Gordan Gekko


When I bought my first house I sold it and made $20,000 in around 4 months - It was all the money in the world.

It really changed my life as I knew it.

I was able to take my first trip to Europe and spend 6 weeks there.  That thought would have never occurred to me before when I was working my day job, I didn’t get 6 weeks of vacation time for starters even if I did save the money to go.

I enjoyed traveling so much that I made 5 more trips to Europe staying about 6 weeks each time.  Each time it changed my view of the world and my opinion of other countries and other people.  

All of this was possible because of the real estate that I bought.  Real estate can and did completely change my life.

Many years later I was involved with some partners on a real estate deal, I ended up closing out the deal and picking up checks for everyone involved at the title company.  I went to the office of one of my partners and when I pulled out the checks they were for $20,000.  They looked just like the first check I received from a title company years ago.  But they were different.

I walked into his office and he was talking on the phone, I handed him the check and he looked at it and then looked up and silently said “thanks” so he wouldn’t interrupt the person on the other end of the phone.  Then he tossed the check on his desk and went back to his conversation on the phone. I turned and walked out thinking that now $20,000 doesn’t even get a “thank you” only a “thanks” and not even an audible “thanks” a silent one - so now it’s just a days pay.