First Baby Step

[Alex Gaw]

On Tuesday I took my first baby step toward investing. I went and talked to a banker. Granted, the bank is just on the first floor of the building where I work, and I didn't walk out with any money, but it was still tough to get over my nerves and actually go do it regardless of how close it was, and I did walk out with knowledge and a game plan for the immediate future. 

As a result of that conversation I also took some first steps in paying off my student loans, the neglect of which has gotten me a very, very bad credit score--503. I requested a lower payment for one servicer and set up a recurring auto-debit for another. There's a third, but it's in deferment until next April so it's not currently hurting me.

The current goal is to improve my credit score over the next 4-6 months (I've got a few methods, just don't want to further bloat an already long post), continue researching properties online and getting a sense of my market, and then start talking to banks more aggressively and actively looking for our first multifamily to hack.

The step I took on Tuesday might not be much in terms of being closer to owning an investment property, but going from reading articles/blogs/forums and listening to podcasts to actually taking some action is huge no matter how small that action is.

Thanks for the knowledge, inspiration, and encouragement BP! Keep it coming!