New from Iowa learning the ropes

[Jesse Carlson]

Hey everyone! I am starting my education in real estate investing. I'm learning great things from the BP website and Podcasts. I've been reading Rich Dad, Poor Dad by Robert Kiyosaki and other Rich Dad books. I recently had an breakdown that made me have an awakening. I made some poor financial decisions trying to buy and re-sell small items. It's caused me to go into credit card debt and the creditors are knocking at the door. So right now i'm getting out of the poor dad mindset and working toward the rich dad mindset. I've started paying myself first then paying everyone else next.

I've been interested in real estate for awhile now. I watch shows like Property Brothers on HGTV, Flip or Flop, Fixer Upper etc.. with my fiance. Watching these people rehab homes for their clients or to flip is pretty cool to me. I work as an apprentice electrician, so I get to see all different types of properties.

After bringing down my bad debt, and learning more about the real estate business, my goal is to purchase an investment property. At first I wasn't sure where to start with an investment property. Start small with a single family, condo, or a little bit bigger such as a four plex. Listening to the BP Podcasts, I learned I should take baby steps and start with a smaller investment. I won't have enough capital to work a down payment, so i'm keeping my research up on that. I'm more thinking long term on keeping properties for cash flow for future purchases and retirement cash flow.