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Updated over 1 year ago,
Recommended BP Content for Newbies
My husband and I are new to real estate investing, but very eager to learn and grow in order to get him out of the manual labor field for good. We have a toddler and two dogs that we enjoy spending our free time with, and our goal is to do more of that! My husband is a general contractor, private pilot, and Air Force veteran. I am a stay-at-home mom with a Business Administration degree that I can’t wait to apply to my new passion for real estate investing.
I decided to start listening to the BP podcast starting with episode 1- I'm about 15 in, and although I love the content I do feel as though some of it doesn't apply to our current market as I'm sure it's dated. Would you suggest I keep going and hopefully make it to 800 before I croak, or start backwards to gain some more relevant insight? We have been deal hunting for awhile, and are prequalified and hoping to do a 1031 exchange with our single family rental in Vegas (that we bought with $0 down and now have $250k in equity, and have only paid a few months of the mortgage ourselves) to buy a multi-unit in our current town in Central Oregon. We have one fix-and-flip under our belt, and are currently rehabbing the house we're living in as well as adding an ADU (we don't plan to sell this house). We have a lot of ideas to find a deal (thanks BP), but definitely have a bad case of analysis paralysis. Additionally, our market is extremely inflated and despite 30+ % down, the numbers just don't pencil out.
I'm sure stories just like this are posted every day, but we're determined and hopeful- We are a young family that would love a mentor, as we are wanting to get more involved in REI but just can't make that next step.