Creative Money MAGIK started a number of years ago when I became interested in working with entrepreneurs and investors. I discovered that people needed basic education about how to make money, how to invest money and how to achieve financial freedom.
I’ve been on that path of discovery myself. I’ve had good years. I’ve had bad years. It took me awhile, but I finally figured it out.
My journey took me through 15 years of entrepreneurship, working with over 65 start-up companies and educating thousands of business owners. I raised seed capital for 11 of those 65 companies and authored a book on business planning.
I stumbled into real estate in 2003 and became a full-time real estate investor in 2005. In three years, I did over 25 residential deals and amassed almost three-quarters of a million dollars in net worth. Then I lost it all.
When I got back into the game, I was both smarter and wiser. Alas, it was the end of 2007 and the market had just executed its now famous nose dive. The bottom fell out of the residential mortgage market. The rest is now old news.
While it took the government over a year to acknowledge that we were actually in recession, some of us got it right away! It’s taken me the better part of two years to climb back out of my hole, but when I got my head above water again and looked around, I noticed “the perfect storm.”
Did you know that between now and 2015 approximately 68% of all commercial mortgages are coming due. And did you know that as of today, a large proportion of those mortgage balances are now greater than the value of the commercial asset? While some analysts are saying we’re in economic recovery, others are saying we’re in the eye of the storm.
Whichever turns out to be the case, NOW is the perfect time to be investing in residential and commercial real estate.
I am now wholly focused on commercial real estate. If you’d like to know how you, too, can be part of the biggest transfer of wealth of the century, check out this blog often. You’ll find economic news, real estate news, trends, quotes, opportunities and maybe even deals here.
The future is ours to create!