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Updated over 2 years ago on . Most recent reply

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New to real estate investing with a case of analysis paralysis

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My name is Niko Tanuyan, I'm 26 years old and looking to get into REI.

I've been interested in RE since I was about 18 years when a I met an agent/ investor who told me his story how he grinded as an agent and was able to live an amazing life. He told how his rental properties paid for everything he wanted. This guy was driving exotic cars, wearing Rolex's, traveling the world, ya know the whole nine yards. I grew up poor, so idea of this lifestyle pulled me in instantly. I was sold I wanted to be a RE agent. At 18 years old I was kind of shy and timid and was too scared to hop into it right away. My stepdad had been in car sales for a couple years and was able to change our family's financial situation very fast. I thought a good way to get more confidence and get experience in the sales world would be to hop into car sales. So, I did and did amazing and did it for about 5 years. during those years I got caught up in that world and completely forgot about RE. I was grinding, working every weekend barely taking days off, making pretty good money. Well, I made all the mistakes. I blew all my money on cars, motorcycles, clothes, you name it I probably blew money on it. After about 4 years of working hard I finally took a little break and went on a snowboarding trip with my buddies for about a week. After getting that little taste of freedom everything changed for me. I realized that one thing I wasn't getting in my current lifestyle was an actual life. I was at the dealership from 8am-8pm (or much later) 6-7 days a week. Sure, I had gotten a few material things I wanted as a kid but and I was making pretty good money, but all that money was going to those material things and whatever else I was blowing money on. I barely had anything to show for what I was working for. This put me in a bad spot in my life. I was confused because I was realized everything that I thought I wanted wasn't wanted. I became very unmotivated and struggled very bad in the car business for the next year. I was falling behind on payments and racking up credit card and personal loan debt. Then boom covid happened. After years with this dealership, I was let go. With all the covid craziness happening I couldn't find a job to save my life and after knowing what kind of money I use to make selling cars I was stubborn on just any job. Well that all changed when my girlfriend told me we had a baby on the way. I had to take anything I could get. I worked at couple places making terrible money before landing 9-5 in our local shipyard. I got lucky and got a position where I could move up quickly and get a lot of qualifications. I make okay money, enough to get by. Its stable money. The thing is I've never been able to be happy doing what I'm doing. I never understood what it was. Until a few months ago. I went to Hawaii to get married. This was my first major trip. First time on an airplane! Both our families came out and we all spent a week out there. I had the most amazing time in the one of the most beautiful places in the world. When we got back and driving, home, I was hit with the same feeling that I had when I got back from my snowboarding trip. The thought of going back to the 9-5 grind was making me sick. Then I finally realized what I wanted and my "why" to it. Financial Freedom because it would buy me freedom to live life with my family. So, I instantly started brainstorming on how I could get it. I've always had an entrepreneur mindset. Always thinking of some get rich quick gig. I never actually perused any of them. Thinking back on it I never had a why that could drive me. After realizing my why and thinking hard. I came to RE through all my ideas for get rich quick ideas I always knew RE was something that actually interested me. So, I had dived into it. I thought I wanted to be an agent but after really diving into it I learned about REI and it has hooked me. Everyday I'm doing research, I listen to BP podcast daily, I'm reading books, watching YouTube, researching my market. My goal is to BRRR multifamily. I'm in no position to pay cash for a property right now. So, I want to wholesale until I have enough capital to buy a property. As of right now I think I've got a case of analysis paralysis. I don't know how to move forward.

This is a very long-drawn-out post, I know. I even have left out a lot of My story to shorten things up. 

Thank you to whoever reads this and any advice is appreciated! 

Located in Bremerton, WA 

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