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Updated 3 months ago on . Most recent reply

User Stats

12
Posts
8
Votes
Simon Walker
  • Contractor
  • Pittsburgh Pa
8
Votes |
12
Posts

Where to take the journey?

Simon Walker
  • Contractor
  • Pittsburgh Pa
Posted

Hi Guys, new here to the bigger pockets forum, I have been in construction for 11 years and real estate the past 3 years. I’ll try to keep this as short as possible but I am at a cross road in life here and can’t seem to find the guidance I need. 

I’m 30 years old, 10 month old son, juggling taking care of the family, property of 21 acres, an old farm house, work, and real estate. The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better. I’m closing on my second deal, a duplex that’s going to take about 9-12 months to comeplete (I’m doing the work with some sub contractors but mostly myself) at this point after that is done, I will be out of money, even before it’s finished I’ll have to raise some capital to finish it, but it should cash flow conservatively $600 a month. I already have a hand shake deal on the next property, another duplex, that I will buy come summer time.  I have about 100k in assets both personal and business I could sell, but part of me thinks that’s extreme and I’ll sell “myself” along the way with all my stuff.  I’m considering going back to work either for myself again or joking the carpenters union. But if I do that my time would be so limited to when I could work on my real estate. I can either go back to work or find a way to keep working in real estate for myself, full time.  I feel that no matter what I do, I’ll regret not doing the other. Anyone had a similar situation? 

Most Popular Reply

User Stats

12
Posts
8
Votes
Simon Walker
  • Contractor
  • Pittsburgh Pa
8
Votes |
12
Posts
Simon Walker
  • Contractor
  • Pittsburgh Pa
Replied
Quote from @Jaycee Greene:

I have a client in Kansas City, MO that had to make the EXACT same decision a couple of years ago. Are you OK if I send you a DM/Connection Request as a follow up to this?

Absolutely, thanks.

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