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Updated over 7 years ago,

User Stats

12
Posts
7
Votes
Nicholas Bankus
  • Poulsbo, WA
7
Votes |
12
Posts

Just getting started in Kitsap County, Washington

Nicholas Bankus
  • Poulsbo, WA
Posted

Hey BP community,

My name is Nick, I have been bouncing around the peripherals of BP since I did my first webinar on the BRRRR strategy back in October 2016 with Brandon (go PNW - land of beards and beers). Now that I am coming up on finishing my master's in engineering (life goal, check!), I am getting much more serious about REI. I want to get into buy-and-hold rentals, maybe even using the BRRRR method if I am feeling real saucy. This is to support the goal that my wife and I have set of being financially free at 40 (we are currently 28)! I feel I have a pretty good lay of the land in Kitsap since I grew up here, but any advice would be extremely welcome!

Also, I volunteered a friend and myself to do a personal finance presentation at my old high school. We are both extremely interested in the subject of personal finance (saving/investing for FIRE - financial independence retire early) and wanted to try to share the good news about F-You money and what it can do for you. We are mostly focusing on the importance of saving, having a high savings rate, and funding your own retirement at an early age (FIRE), but also discuss debt, stock investing (index), insurance (always a losing bet), and a few other items that kind of fall into the personal finance realm. We don't really want to discuss REI because neither of us are real estate investors (yet). Although we understand the basic concepts it feels disingenuous to talk to the students about it, however BP will be on the list of recommend information resources. If you have any suggestions about other big picture topics leave a note.

Sorry for the long intro, I am super excited to be here and looking forward to purchasing my first investment property in 2017! 

-Nick

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