I’m almost there but not. Louisiana investor.

[Michael Mannina]

Hi everyone,

I’m new to rental property business. I’m in South Louisiana. I don’t own anything yet. I’ve been reading books/BP forums, listening to podcasts, and attending local meetups for the last three months. It’s very intriguing and has become my goto to occupy the little bit free time I have. I’m self educating myself every chance I get.

I read that the first step is to find a “WHY”. My why is to spend more time with my son. I have a very demanding and great paying W2 job. It requires me to work 24hr call in the oilfield where I’m away from home anywhere from 15-20 days a month. This is great bc I was able to become relatively debt free with a good debt to income ratio, and a 750+Fico. So with this said I have my financials in order which makes me very lendable. Also one of my relatives that I have a great banking relationship is the Vice President of a local community bank. So that’s two of the most important steps in the bag.

Things going for me:

-I have a good “WHY”

-capital for down payments/rehabs

-good credit score

-good W-2 income

-small amount of debt

-bankable

-great local bank relationship

Things not going for me:

- TIME!!

This 24 hr call job greatly hinders me. I can’t schedule anything. It seems every-time I schedule something I have to cancel.

Sorry for the rant. Just seeing if anyone else is in my position?

Regards

Mike