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Updated over 8 years ago on . Most recent reply
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My first year plan starts yesterday
Greetings!
I meant to post this yesterday since it was July 1st, it just means I'm one day closer right?! I don't expect a lot of exposure on this post, it's more for ME. A marker to signal the start to my journey.
The short version ... by this time next year (2017) I will have purchased my first property.
I will be using the days leading up to my first purchase as education, and clean up. I know there are people who have purchased properties with bad credit, but good credit doesn't hurt right? So I will be cleaning/establishing credit. I see my first property being owner occupied, live in it for at least two years then use it as a rental.
Along the way I will be concentrating my efforts on flipping in the Boise, ID area as well as Portland OR. With Boise having a very hot retail market, I will have to learn how to find the best deals off-market
I grew up in Portland, still have family there and although things have changed a lot since I lived there (1997) I know the metro area enough to figure out where I want to invest.
I'm the biggest "shiny object" chaser, and if I can't see results before the next shiny object, I get easily sidetracked. I currently drive as a courier. Ten hours a day, five days a week will afford me a lot of audio training and placing a one year mark should help my brain register this as something I can accomplish. Shiny objects may still catch my attention, but as long as I keep feeding my brain with real estate investment training, I'm confident I will take action.
I turned 45 this year, and it would be great to hit freedom by the time I turn 50 ;-)