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Updated about 1 year ago on . Most recent reply

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7
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Brendan M Brown
  • Rochester, NY
13
Votes |
7
Posts

Starting out; Disgruntled

Brendan M Brown
  • Rochester, NY
Posted

Hey all. 
I recently heard of someone who has acquired a lot of property recently. Some main st village type property, mixed use with store fronts etc. I heard through the grape fine that he had recently started “scooping up” properties here and there and shes going to be starting in this next area soon. 
As a young man and young investor, I’m having trouble with a few things.

1)finding a property with a decent return. 
2) finding a primary residence that doesn’t cost and arm and leg (rent or own). 

I feel a lot of young investors are possibly in my position. For starters, they are having trouble even keeping there cost of living low while starting new families. Secondly, trying to achieve wealth through over priced real estate markets seems impossible.

If I can do one thing, one daily lever to pull, how can I be the guy I described in the beginning?

I love real estate so much but I can’t even get in, and my dream is to be the guy improving property for the good of the world. Any thoughts?

Thanks to anyone that responds.

Most Popular Reply

User Stats

504
Posts
282
Votes
Danielle Jackson
  • Phoenix, AZ
282
Votes |
504
Posts
Danielle Jackson
  • Phoenix, AZ
Replied

First thing to NOT do, is compare your journey with anyone else. Everyone has different circumstances and goals. Secondly, keep hunting (don't let off the gas in running numbers on properties you like) and eventually you will come across some that financially make sense. 

Consider expanding your markets you are looking in so you have exposure to more properties, and if you haven't already, engage with a RE agent who specializes in investment properties so you may have some insight to properties before they hit the market. 

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