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Updated over 6 years ago on . Most recent reply

User Stats

2,997
Posts
1,252
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Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
1,252
Votes |
2,997
Posts

How, Where and What investment vehicle did you begin with?? and Y

Shawn Ackerman
  • Real Estate Entrepreneur
  • Mid West, East Coast
Posted

Hey Guys, I'm Shawn, A real estate investor from NYC.  I began my investing career in the buy and hold arena.  The reason why I began with buy and hold was mainly for cash flow.  I started 700+ miles away from NY in the Milwaukee WI market.  The reason why I began there was the Mid-West  had all of the metrics that I was looking for i.e.. price to rent ratio, landlord friendly laws on the books and low cost of entry. 

I started as many others may have by using balance transfer credit cards.  To the tune of $130K.  Not a suggested strategy by any means but just how I got start up capital to begin.  I have a solid portfolio of singles, duplexes and even my first 11-Unit picked up this year.  I began about 5 or so years ago. 

I'm interested to begin a discussion on where others began and why?  Thank you for contributing to this post and let's engage/encourage one another!!!

  • Shawn Ackerman
  • Most Popular Reply

    User Stats

    2,997
    Posts
    1,252
    Votes
    Shawn Ackerman
    • Real Estate Entrepreneur
    • Mid West, East Coast
    1,252
    Votes |
    2,997
    Posts
    Shawn Ackerman
    • Real Estate Entrepreneur
    • Mid West, East Coast
    Replied

    @Brian Ellis this is awesome man!! I enjoy speaking to others with PHD(Pure heart and determination). House hacking is an awesome strategy.  How long have you been at it?

  • Shawn Ackerman
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