Corporate Slave / Real Estate Agent / Aspiring REI

[Nick Valletta]

Hello Everyone,

I hope all is well. I currently work in finance by day and as a real estate agent by night and weekends. I'm currently engaged exclusively in rentals but I am absolutely looking to crack into sales. I am somewhat limited in what I can do in real estate as my full-time job is quite hindering at times. My roommate and I are partners and we were very successful in our first 4 months of rentals and decided to start our own team together. He works in finance as well.

Ultimately our goal is to quit our full-time jobs and replace it with real estate. We both have a true passion for it and I have decided to leave Corporate America for good. Simply waiting for the appropriate time.

On the other hand, I am even more interested in real estate inventing. My roommate is temporarily burdened with some leftover student loans and thus remains more hesitant than I am to take risks and engage in other investments. He will eventually, but until then I am going to make a purchase on my own. I have somewhere around $15k that I am comfortable using right now and another $15k I am more hesitant to touch as I view it more like a safety net. It's currently invested in various marketable securities and would prefer to leave it.

Anyway, now that you understand my situation, I would like to invest and buy a rental property. For now, I would like to continue living in Manhattan as it is highly convenient for both my jobs. That said, I'm absolutely open to buying outside of Manhattan, but would like to stay in NY. Would potentially consider NJ as well.

Basically looking for someone experienced or just an outsiders perspective on what a smart move might be to hope in the world of REI. One decision I have made indefinitely is to leave my corporate job. Not with any certainty as to when, but I do know that it is not the right fit for me in the long run. That said, I would appreciate any and all advice! I have read Rich Dad Poor Dad, I'm reading the intelligent investor, various foreclosure books and I recently started listening to all the BP podcasts. I'm motivated and ready!

Thanks for reading!! This is my first post, so I assure you the others won't be so long.

Warm regards,

Nick