If You Were In My Shoes...

[Account Closed]

Hello My Fellow BP Users,

Let me first introduce myself. My Name is Shub, current residence in Atlanta, GA. I graduated in 2016 from Georgia State University with an Information Systems degree. I am employed as an Information Security Analyst at Anthem, Inc. I recently started getting into Real Estate Investing about a month or two ago. I became a member of the REIA group here in Atlanta. My goal is to have real financially freedom (this is in a border terms). I live with my parents (rent free!) and saved more than 80-90% of my earn income (I live like I'm broke). I am interested learning the different type of strategies of investing (please go in depth). I was thinking Buy & Hold and then renting it out (CF & Appreciation!) but, worry about carrying a lot of debt.

I am curious to know what would you do if you were in my shoes. I have somewhat of the money (save to invest!), I make the time to learn Real Estate Investing (usually 3-5 hours a day) and trying to create a network to help support it. I know the approach master a niche to get rich (Atlanta market but, waiting for the cooldown), and look where the trend is going?

Overall, I want to know what would you do if you were me? There’s no right or wrong answers, please criticize me.

Look forward hearing your responses,

-Shub Virk

[Chris Bounds]

Consider this, buy 1 rental per year for 10 years (see BRRRR strategy). Starting around year 5 you can sell one of your existing houses and use the proceeds to replace it with 2 more. At the end of 10 years you'll have 15 properties with cash flow and equity to build on. Run those numbers and plan how aggressive you want to run that strategy.