Questioning my Logic

[Brett Storro]

I have been kicking myself for not using this tool enough, I have been reluctant because I still have not come close to investing in my first real estate property. But I have been seeing all the feedback from the all the awesome BP members, and it has allowed me to open up.

I am 24 years old working as a salary job as an MEP coordinator for a general contractor building larger scale construction projects. I also had the opportunity to go to grad school and currently seeking a degree in construction project management. Before reading Rich Dad Poor Dad, I thought that saving money from my weekly paycheck would make me rich some day, but with the interest rate below 1% I was getting discouraged about the rate that I was getting back from the bank. I knew investing in the stock market would get me a better return but I don't like the risk factor. I do have a 401-k with my company, and I did set up a Roth IRA, but this is long term money.

I became interested in real estate investing because of my current boss. He showed me his three decker that he owns and lives in out in Webster. He went over how he collects money from his tenants and uses it to pay off his mortgage, the rest was cash flow to his wallet. This struck me as a great idea, and for the past couple months I have been listening to bigger pocket podcasts and reading into real estate investing, with the goal of one day becoming a real estate investor.

My big question moving forward is when am I going to make the step? I have not made any moves, because I do not feel like right now is the right time. But when is the right time? Right now I am living at home (not paying rent), working full time, and going to grad school. Living at home currently helps me save more than 1/4 of my paycheck, but there is never enough money to have saved up when preparing to invest right? I want to over prepare myself for when the time comes, but maybe this is just me being safe. As I was brought up by safe parents who are stuck in the rat race.

So now moving forward I want to get into real estate by becoming a real estate agent. I already have multiple brokers reach out to me, so I thought this would be something good to do in the side to help myself pursue my goal of being a real estate investor, and make a little extra cash on the side.

Thank you BP members for reading this post, this is me opening up to the community. Feel free to add your comments, or ideas. It would be greatly appreciated.