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Updated 11 months ago on . Most recent reply
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Need Some Advice From Other Area Investors
Hello BP community. It's been a few months since I've been active as I've had many life events happen over the last 6 months, but overall they were for the best! I'm an aspiring investor in the Springfield,MO marketplace and it's surrounding subdivisions. I currently have 1 rental in my portfolio in Marshfield,MO which does me well, and I have another home which my family and I reside. I'm using the leverage technique as I work a full time job and can't buy anything outright. I've been saving for the past year as much as I can and I've got about $20K to help with a down payment on the next property. I am trying to go with the BRRRR strategy, or find something smaller to start expanding my portfolio. My problem is, I CANNOT find anything to even meet the 1% rule. I'm a licensed realtor so I have access to the local LMS, I check out public LMS sites, Facebook, Craigslist, and the few deals I find are gone far too quickly...
I work a full time job and do real estate on the side. So I cannot be up in the game 24/7 like I'd like to be, but I spend a healthy amount of time keeping up with listings and the market. I'm hoping there is an investor in the same area as I am that would maybe be willing to chat with me? Meet for coffee or lunch. Or maybe just instant message? I really want to make real estate work and I'm extremely passionate about it. I've dedicated to much time of my life to give up anyway soon and I love it, but it's to the point I think I'm at my own limits with the knowledge I can obtain for myself. I'm not asking for a mentor, but just some advice from local investors in my market to help the new guy out with getting started. I appreciate anyone who took the time to read this! Thank you, and well wishes to you all on your future endeavors!