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Updated about 10 years ago on . Most recent reply

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28
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3
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Ed Schell
  • Basking Ridge, NJ
3
Votes |
28
Posts

Starting out and building a plan

Ed Schell
  • Basking Ridge, NJ
Posted

This is hypothetically speaking (I'm still in high school I'm just weird enough to plan that far into the future) I would like to know if someone could help me build a plan to eventually be making a million dollars annually in real estate (I know, huge goal). So this is what I plan on doing. I would have around $160,000 saved up and I'm looking to purchase multi family properties. I also plan on living in Florida (specifically the Tampa bay area but I'm not completely sure yet). I also plan on having a full time job that initially pays somewhere around $80,000 annually. So what I'm asking for is help building a plan and knowledge on how to trade up to huge properties with several hundred units. All answers are greatly appreciated.

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User Stats

487
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179
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Rafael Norat
  • Investor
  • Lodi, NJ
179
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487
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Rafael Norat
  • Investor
  • Lodi, NJ
Replied

Ed,

There are plenty of Real Estate meetups in NJ. I would suggest attending them (assuming there's no age restriction which I don't think there is) and soaking up all the knowledge you can. Its great that are getting started so early. I'd be more than happy to hear you out and help you in any way. Shoot me a message and I'll give you some good REAs to go to..

Best Wishes

And pick up the book  Millionaire Real Estate Investor: It'll organize your current thoughts a bit..

Rafael

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