Getting back to it for the second time.

[Ronald Morris]

Hey everyone!

I'm starting out again for the second time. I decided to focus on school so I could have a much larger income going into 2022. I am almost done and will have a CS degree by Feb of 22. I plan on getting 2 properties next year to get my feet wet. After I work the kinks out it will be full steam ahead. We will be investing in the Denver area if anyone would like to connect please feel free to reach out!

[Ben Rhodin]

Hey @Ronald Morris! Congratulations on the degree. It is never a bad thing to invest in yourself, you will find out that having a solid W2 job will supercharge your investing more than you know.

You won't be hard pressed to find numerous great people to connect with out here, I would suggest getting out to some meetups. The FI team hosts monthly ones that are great for new and experienced investors. 

You said that you want to get 2 properties in 2022, but what kind of investments are you looking at? Are you looking to get 2 investment properties, or a house hack and an investment. Really getting a grip for your strategy and what you need to accomplish it is going to be your biggest hurdle. I would work on nailing that down here by the end of the year, so that you are set to go. The Denver market works with a lot of strategies, and you'll need to figure out what your goals are in order to be successful. Investing for long term is going to be very different than wanting early FI. 

If maximizing your growth and getting yourself there as quickly as possible I would suggest house hacking your first property. Not only is it less capital out of your pocket, its also a great way to get your feet wet, and minimize your living costs. Then you'll have more capital and less risk moving into another investment property.

Happy to connect and chat strategy, it's always good to get a second opinion to understand your goals and how to best get you there. I will also put it out there that you shouldn't limit yourself to the belief that you need to wait until 2022 to get started, while you might have the higher income, you'd be surprised what you might be able to get into as a house hack earlier on. Then you might be able to have 3 properties by the end of 2022. Always think bigger than what you think is attainable.