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Updated almost 3 years ago,
First Moves to Generational Wealth
The bigger pockets community has been nothing but amazing for me thus far. I have not posted a whole lot but learned so much within the last 1-2 years from listening to podcast, reading books, and posts. For a while I’ve been in the analysis paralysis phase trying to figure out where I should start. I’ve completed the necessary requirements to obtain my real estate license and should be licensed within the next two weeks after everything is filed and processed.
A real estate license is not necessarily a must for someone that wants to invest in real estate, but I felt like it would be a great in for me to be around real estate and to learn the ropes. Along with obtaining my real estate license I’ve been working on increasing my credit score to pursue a house hack within the next few months. I graduate in May and thankfully to my athletic scholarship I will have no college debt to pay off. I 100% plan to get into commercial and multifamily investing in Minnesota then throughout the united Sates but getting there is the difficult part. Part of me feels as though I need to take my time and start with owning a duplex, triplex, or 4-plex while renting out the other units. This is attractive because it’s a slow game where I can use very low money down loans to slowly build wealth. Then eventually show investors what I’ve done at a small scale and ask to use their money to do this at a much bigger scale and give them a return. At the same time, I feel I can even start bigger, because over the years between life and basketball I’ve met some great wealthy individuals that would love nothing more than to help me while I also help them get a great return on their capital. My questions for anyone out there reading this post are do you have any good insights on being an investor friendly agent? Are there any investors in this area looking to get into or that own commercial and multifamily properties that would like to connect? I am also open to just anyone with open insight on where to go from here and hopefully I can add you some value to you as well!