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Updated over 7 years ago on . Most recent reply

User Stats

8
Posts
5
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Gary Domermuuth
  • Investor
  • Albany NY
5
Votes |
8
Posts

Newbie from Boston MA

Gary Domermuuth
  • Investor
  • Albany NY
Posted

Hello Bigger Pocket community,

I am new to bigger pockets and am really just starting my career full time in real estate investing.  For the past six years I have worked as a CPA .  Prior to becoming a CPA, I worked for my dad in construction.  At the age of 12 years old my dad started bringing me to work every day I was not in school until the age of 24 years old, this was the best piece of parenting I could ever think of because by doing this my dad taught me what it meant to work hard and it gave me an invaluable skill set.

I have always known real estate investing is what I have wanted to do but I was stuck in analysis paralysis.  I kept planning and putting timelines on when I would start, those timelines would always pass because I didn't have time or because I was complacent at work where I was earning a strong but steady salary.  That all changed last week when I was in the webinar "How to find incredible real estate deals in a competitive market" which was being taught by Brandon Turner.  At one point Brandon was speaking to the fact that only 20% of the audience would act upon what he was teaching while the remaining 80% would do nothing.  I realized quickly that I was a member of the 80% and that had to change.  This past Monday I quit my full time job and will be doing freelance accounting work while I finish what's left of my home renovation and look for my first deal which is a good segue to what my goals are.

My ultimate goal is to flip single family properties all over the Northeast.  I currently live in Boston and would like to do my first couple of transactions while I am living in Natick.  I would like to do 3-4 flips over the next 8 months.  Within in the next 2 years I would like to expand my rental unit portfolio (currently own a 2 unit multifamily in Albany NY) and start investing all over the country, the goal being to have over 100 units across the country in 3 years.  

Thank you to everyone for reading and I look forward to connecting with as many of you as I can. 

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