He started out selling home cleaning systems door-to-door for over two years. At only 16 years old, he became the number one seller and recognized by the president of the company. In the midst of his success, all the money he was making clouded his judgment. He decided school was not a priority so he dropped out. He soon realized his adolescent view didn't match the real world, so he got his GED. After taking a few college courses that were decidedly not his calling, he embarked into the workforce and went to work for a private Fortune 1000 Company where he worked almost 4 years in telephony services. He was promoted as the youngest Account Sales Executive for the company. However working up the corporate ladder ended as the company re-organized and his job was cut.
After starting various businesses with limited success, one he started in his bedroom took off making nearly 4 million dollars. He soon diversified and began investing in real estate. Intrigued by the familiar yet challenging art of negotiations, he devoured everything possible to learn more about real estate techniques and gain an edge on his competition.
Cory started out as a bird-dog for a few seasoned investors get his feet wet. Shortly thereafter, he was wholesaling properties and assigning them for quick profits. Then he decided that rehabbing was a way to squeeze the most out of every deal.
Things did not go well. His time, energy and mistakes soaked up most of his perceived profits before he had a chance to cash a single check. He soon amassed a net worth well over a million dollars, but was dealing with a lot of properties which involved landlord challenges. He came upon short sales by accident and that is the niche he decided to pursue.
Cory Boatright recommends that beginning investors learn from their mistakes. The more missteps taken the more lessons can be learned from them. In the long run, the more mistakes made in the beginning will cost you less over the long term. A successful investor possesses integrity and "servantship."
"You do not become wealthy by winning the lottery; you become rich" according to Cory Boatright. He says there is a big difference. He believes being rich is a state of mind, but being wealthy takes skill and practice. Cory says that study after study shows people that win the lottery are broke in 5 years. Why? They wanted to be rich and they got their wish. On the other hand, wealthy people know it is going to take work and time to accomplish the task. They have an expectation of what Boatright calls the "marathon wealth mindset". They have a consistent goal of financial independence to serve others. They relentlessly pursue a path that leads to a well thought out plan towards financial independence. They are prepared to get bruised up, bleed, and sweat. They work through painful situations. They sacrifice, have faith, hope, and love with passion and never give up. That is a wealthy person.
Cory has become an accomplished National Speaker, Trainer, Writer, Radio Host, Private Consultant and Musician. He also serves on the Board of Directors of a local landlord and property investor association called Millionaire Possibilities (MPREIA). He has been published in the Wall Street Journal for his successful business aptitude and has been truly blessed to pursue real estate as a full-time investor and Loss Mitigation Specialist. He and his wife (also his business partner) own several companies, including a Nationwide Loss Mitigation and Short Sale Company and have bought and sold millions of dollars in single family residences, duplexes, commercial property and land, continue to buy and hold properties for long term wealth planning and network with investors across the country.