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Updated about 2 years ago on . Most recent reply
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Looking to actively invest in BRRR, short-term rental, wholesale, fix-n-flip
Several years ago, I successfully leveraged an FHA loan to purchase my first property in Shorewood, WI. I house-hacked a duplex and now own a single-family home in Grafton, WI while my duplex is a cash-flowing asset. Although I have not taken any further action in investing in real estate since my first purchase, I regret not taking action sooner. I am now ready to make the transition from my W-2 job to full-time real estate investing. I understand that real estate investing requires hard work and long hours, but I am fully committed to putting in the effort to ensure my success and that of anyone I collaborate with.
I am seeking guidance from experienced professionals who specialize in BRRR, wholesale, fix-n-flip, and short-term rental strategies. My immediate goal is to focus on building cash and generating cash flow through these methods. As I gain experience and establish a solid capital base, I plan to shift my focus towards more long-term strategies such as buy and hold in order to create wealth for future generations.
I am eager to connect with experienced investors and wholesalers who can offer guidance and advice on their successful strategies. I am willing to invest my time and effort to support others in order to gain valuable knowledge and insights into the day-to-day activities of successful investing. I am particularly interested in connecting with those who have adapted to the market downturn over the last year and have been able to continue their success. I greatly appreciate any responses or comments in advance.
Most Popular Reply
I would encourage you to think about all the benefits to keeping your W-2 job for now while you develop your portfolio on the side: it's a source of capital, it helps with access to financing, it's a stable way to pay your personal expenditures, it might provide health insurance and it buys you time to learn at your own pace. Eventually, you can quit your job if you get so busy with real estate investing that you are turning down deals and you're blocked from scaling your income further.