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Updated almost 4 years ago,
Looking for a mentor to guide me
Hey everyone. I'm Joe, a 27 yo pharmacy manager who is looking to get into rental properties to aid in my pursuit of generational wealth (...well that... and pharmacists salaries are projected to decrease year by year, dropping already from 55/hr to 46/hr in 1 year...).
I grew up helping my dad with his rental properties, he self-managed them all and I loved spending weekends learning new things with him and my other brothers and sisters. After reading BP books, I see that my father was not actually investing, but rather working a second job.
He went from running 25+ rentals to now 2 (sold them to pay for mine and my siblings education) and I have indicated to him I'm interested in getting into the business. He has strongly encouraged me to rethink this due to the fact that I have a stable job, a new family and that the market is "crap" for renters. I believe he is right, that if I do rentals the way HE did it, it may not work out, but I am searching for someone who can help guide me to treat rentals as an investment.
I believe that if I treat it with this type of mindset, that it can (and will) work out. So I guess this is something if a job application for anyone looking to mentor a hard-working go-getter. I have busted my *** to get to pharmacy manager by age 25 (becoming youngest pharmacy manager in my district), and I will bust my *** to get to 100+ doors by 32!
Appreciate any and all feedback!