Venting, impatient wantrepreneur

[Julius Dixon]

Hi BP I hope all are having a great day! I am about two years out of college (graduated in 2016) and I’ve been learning / teaching myself about real estate investing each day for about three years now. A good chunk of my savings from my w2 work goes, and always has gone toward my first deal downpayment (I did finish college with large loans which I’ve paid a fair portion of), but as this is essentially my number one priority for my cash and in turn how I spend my time due to this constraint, it has been quite tough personally to play this waiting game. I have only lived in high priced markets (NYC and SF) since graduating, so the low DP house hacking route is not one I’ve been able to begin with, and I’ve been saving to put down 25% in my hometown of Chicago (trying to build a team there while working in SF). My first victory as of late was a preapproval from a Chicago lender, though for a much lower loan amount than can buy a multi unit property in the Chicagoland area. I’d love to hear how others got through this beginning waiting stage. I feel the longer I wait / save to begin, the longer my life is on hold. It is super frustrating. Would love to hear from others who have made it through this challenge successfully, and learn what you did to get past this and get started. The more professionals in the field I contact the more I feel like a tire kicker. Thanks Julius