Left my 9-5 as a CPA, looking to transition into Real Estate Acquisitions

Left my 9-5 as a CPA, looking to transition into Real Estate Acquisitions

Member since 2023 路 7 posts 路 6 votes

Hi All --

I have posted here once or twice before.

In previous years, I had come into some capital, approximately ~$5M. Much of which is cash, some is in stocks/bonds/fixed income. 

Previously, I had been working two big corporate jobs, mainly in a back office accounting/tax function; however, after a series of life events, I realized life was too short to spend your days doing work you despise, plus, the money I was making at my 9-5 was not that exciting. I consider myself more personable than your prototypical accountant, and want to transition into the world of RE deal making, where I could interact with others, and utilize my capital to assist me in generating some passive income, slowly increasing my portfolio to the point where I do not need to work the 9-5 and prioritize spending time with family. 

I'm looking to connect with established professionals in the space who could assist in steering me in the right direction.

Cheers!

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Kerry Noble JrPro Member
Investor 路 Indianapolis, IN 路 Member since 2018 路 2k+ posts 路 1k+ votes
2y

Im always open to connecting

See this reply in the discussion

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  • Kerry Noble JrPro Member
    Investor 路 Indianapolis, IN 路 Member since 2018 路 2k+ posts 路 1k+ votes
    2y

    Im always open to connecting

  • Arn CenedellaPro Member
    Rental Property Investor 路 Greenville, SC 路 Member since 2008 路 786 posts 路 1k+ votes
    2y

    @Max Gabriel

    Be careful of the sharks circling. 馃榾

    Spark Investment Group has 60 years combined experience in residential real estate. We are multifamily syndicators and focus on our local market Greenville SC. We are looking for capital partners for our long term buy and hold investment strategy focused on the fundamentals. 

    We aim to hit line drive base hits over and over with our approach. We do not swing for the home run.  

    Happy to discuss partnership opportunities. 

    Arn

  • Flipper/Rehabber 路 Member since 2023 路 6 posts 路 0 votes
    2y

    Hey Max!

    I'm excited to hear about you getting into the REI game!

    If you're on the hunt for passive income deals I'd love to connect and assist in your search!  My company has markets all over the country, but I am focused in STL MO.  I know you are just getting into things so I be happy to help inform you on how some deals operate and maybe bring you one!

    I'd say the best thing to do now is establish a market to research and find a team that you trust in that market to help manage your deals (assuming it isn't gonna be you personally).  There are plenty of hot markets out there and I'd say don't get lost in the sauce and really hone in on one to master first!

    Shoot me a DM and we can chat more!

    Cheers!

  • Member since 2024 路 86 posts 路 69 votes
    2y

    Hey Max,

    Are you looking to be a passive investor or active? If passive to what degree? They are both very different. The most passive investments would probably be REIT investment, but the returns are only moderate and you are trusting the management. Commercial real estate ownership with property management in place, or a management partner, is also a good place to be with the right area and property (type). Depending on the market self-storage, medical office or other commercial types might work for you. I would stay away from retail and general office as online purchasing (Amazon) has devastated retail property investments and Covid work from home has hit office properties hard as well. Combine that with rising mortgage interest rates and these properties seem to be currently in freefall.

    The upside of these trends is that there will most likely be some bargain properties out there in the near future.  Just some ideas.  Wade

  • Basit SiddiqiBusiness Member
    Accountant 路 New York, NY 路 Member since 2015 路 8k+ posts 路 3k+ votes
    2y

    Is the $5m your own money or money that you can / have raised?

    If your net worth is at 5 million, and can make 8% to 12%, you can prolly live comfortably in most areas.

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