Who is Michael Jake?? And How did He get to be such a Successful Real Estate Investor?

Answered by Michael Jake:

Someone asked me a darn good question yesterday.  (No Foolin'!)

I was interviewing someone for my upcoming Platinum Mentoring Program, and I was asked, "Who mentored you?"

Some of you have already heard the story, but for the rest of you, my goal creating my Platinum Mentoring Program was to be what I NEVER HAD! 

I did NOT have a mentor local to this area to help me put all the pieces together for this market.

I started at the library and read every book they had on residential real estate investing.  The library fit into my budget when I started since I was broke.  But the benefit of the library was a 3 week deadline.  3 books at a time and a 3 week deadline got me through more books in a short period of time than I could have conceived of.

Books still didn't give me, an over-analytical thinker at the time, enough to jump into the water.  One book, however, led to a fr.ee preview seminar, a high priced paid seminar and a 'hotline' national mentor which led me to my first real life seminar.  What appeared to be a good deal, and something my hotline 'guru' told me to jump on, which led to a slow cash flow bleeding over several years and an eventual $18,000 loss on resale just to make the pain go away.

My 'mentors' came in the books, tapes, courses, bootcamps, and seminar variety.  I got a nugget here and there and through my own Failing Forward and constantly making a mess of things, spending over 100,000 on my education, and much much more of learning the hard way, I put all the pieces of the puzzle together.

You shouldn't have to take the 'licks' I've taken, you shouldn't have to take a financial bath doing bad deals or dump over 6 figures into an education to make real estate investing work for you.

In the corporate world, I would wake up in the morning and loathe, going to work.  Every new quarter would come a new announcement of cut-backs, reduction in force, loss of benefits, outsourcing of jobs to overseas and other such wonderful depression inducing news.  This was my "why"!  Why I committed to investing.  I wasn't going to take that stress for the rest of my life.

Many of the motivation books I read said, invest 3-10% of your earnings in yourself.  I had a timeline that demanded more, so I upped the ante, I invested 50% of all my investing profits back into my education.  Speed!  This was my solution to making it happen faster. 

It worked!

Now, I wake up and feel excited.  I can't wait to get started.  I start my day with my family, relaxed, enjoying quality time together.  I have a work out (most days), enjoy my morning coffee, read, spend time with my wife and my son, and then start my day on my own terms. 

Working at real estate investing just