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Updated almost 7 years ago,
New member from New Mexico (Santa Fe)
Hello! My name is David. I'm 40 years old and live in Santa Fe, NM. I've been lurking around here for a few months, listening to some of Josh and Brandon's podcasts, checking out the Beginner's Guide, reading some threads. I've also set up a couple keyword alerts. I thought it was time I'd come out in the open.
I'm looking to generate cash flow while to holding properties to 10+ years, on the road to wealth with the goal of limiting the amount of time I'm working. Though I like working.
I understand business in general, have a good understanding of basic finance and accounting and the math behind it. I have excellent credit and access to cash if need be. I'm not the worlds greatest people person and I'm concerned about taking on another responsibility in addition to my other business and family.
I don't think I'm interested in flipping. I don't know much about building and flipping seems like intense amounts of time followed by calm. I'd prefer a more even distribution of commitment. I'm not interested in wholesaling. I don't understand it, and it sounds like a lot of "sales" type work. I'm not an extrovert.
For real estate, since I'm new, so I feel like I should start small: single-family, duplexes, or small commercial buildings until I understand the business. I'd prefer Santa Fe, but it seems like the pickings are slim here and would consider Albuquerque (about a 45 minute drive away).
I haven't done much except look at Zillow and do drive bys around town. I guess I'm looking for local networking and for advice about specific issues. I have various specific questions that I'll post over time.
See you around!
David