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Updated almost 10 years ago,

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2
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Alan Monahan
  • Carlisle, PA
0
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I'm from Frederick, MD and I'm Trying to Decide if Real Estate is for Me

Alan Monahan
  • Carlisle, PA
Posted

I am trying to decide if real estate is the correct avenue for my future or if I should stick with more traditional investment options. Here is how I got to Bigger Pockets:

I bought a foreclosure when I was 18. It was about a mile from my grandparents house and my grandfather co-signed the loan. He and I fixed the property and I lived there for about four years. I haven't been involve in real estate since then but often think about what could have happened had I pursued it.

Ten years later, I live in central PA and work in MD/NOVA. I have what I would consider to be a successful career in insurance. I am a Project Manager making $175,000 annually and am looking to do something with my money. I would love to be involved in real estate; however, I am committed to working 70+ hours per week. My time is taxed. In eight years, it is possible that the work I am currently doing will run out. I am looking forward and trying to create possibilities for me beyond finding an additional job.

I love managing projects. I enjoy working with people and watching the project and the business grow. Combing that passion with the minor success I had with my first home is appealing to me on so many levels. I don't know if my current situations realistically allows for me to be involved in real estate. In my vision, I would place a sizable down payment on an apartment building everything two to three years and have a few properties that I could manage at the end of my work. Again, I'm not sure if that is feasible and was hoping more experienced people could assist me with my initial direction. 

Thank you for your time. Any advice is greatly appreciated.

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