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Updated over 9 years ago,

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1
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Rowan Benedict
  • Tucson, AZ
0
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New Member from Tucson, Arizona

Rowan Benedict
  • Tucson, AZ
Posted

I am new to the REI world. I have been studying as much as I can for the past two months and just started listening to the podcasts on bigger pockets. I love all the knowledge on here that is freely shared if you are willing to look for it.

I am interested in flipping and buy and holds.  My end goal is 5-10 buy and holds that I own outright that will be producing a cashflow of $5,000.  I also want to own a property that I can turn into a restaurant to start and then another company that I can turn into a boutique hotel.  I am a Food and Beverage manager now, and I love the hotel and restaurant business.  I make enough that by January I should be able to put 10-20% on my first flip.  

My rough draft of my timeline is to do 3 flips next year.  I figure the first one will take longer, but with the money from that as well as my monthly savings, I can then do two more to finish out the year.  From there I will do a buy and hold and continue flipping, and then continue to repeat until I have four buy and holds.  Once I get those, I will continue to flip until I can pay them off fully.

I am interested in learning as much as I can and will do any sort of monotonous or dirty work that I have to in order to get involved in this business. 

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