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Updated about 9 years ago,
What is/was Your Typical Day as a Newbie RE Investor?
Hello, BP Fam! I hope you can share your stories of what you did daily when you first started really diving into real estate investing.
I've been a reluctant landlord since 2014 on 2 SFH that were my primary residences (1 mortgage underwater and a mandatory military move) and I recently decided to use real estate as a way to build wealth and freedom. Unfortunately, both of my properties do not bring any positive income (bleh). I am looking to go as a full-time RE Investor when I retire from the military in less than 5 years, but that's not stopping me from looking for deals this year!
So, in 2015 I was passively looking into using real estate as a means to an end. In the beginning of the year, I went to a couple local RE meetups, I scrolled through some BP forum posts and didn't participate, and read 2 Robert Kiyosaki books (not Rich Dad, Poor Dad (yet)) that I picked up from the thrift store. However, I started ramping up towards the end of 2015 by finally reading ‘Rich Dad, Poor Dad’ (found at another thrift store), buying J Scott's books on flipping houses and Brandon Turner’s books on rental property investing, listening to the BP podcasts (I’m on episode 108 as of now), and engaging more on the BP forums.
This is my typical day now as a Newbie RE Investor: When I wake up I open the BiggerPockets app on my phone and I read and engage in the forum posts. On my way to work I listen to the BP podcasts at 1.5 times faster (quick tip from a BP episode!). When I need a break from my job I login to BP or read real estate/self-improvement books. On my way home I listen to BP podcasts again. When I’m at home I look on Craiglist and Zillow searching for deals. I go on my BP app again to learn more from other investor’s experiences. Before I go to bed I’m either checking out BP yet again looking to network or reading a book.
I’m really starting to love real estate and am constantly thinking of it. I hope to get my first, actual deal (whether it be a flip or a cash-flowing buy & hold) this year. Thanks for reading and I hope to hear what you were/are doing on a typical day as a newbie and what helped jump start your RE investing voyage.