Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

11
Posts
5
Votes
Alexander Holmes
  • La Mesa, CA
5
Votes |
11
Posts

My Path of How I Got Here

Alexander Holmes
  • La Mesa, CA
Posted

Hello everyone. I'm Austin. But I'm from Jacksonville. And live in San Diego. 

Hopefully someone got the Austin reference. I've never been there though.

So being from Florida I hate the cold. More power to all of you up north. I have been there and am good with sticking to tropical islands for vacations. Which happens to be one of my goals. I grew up in Florida and then North Carolina and then Florida, graduated from Nease High School and then UCF in Orlando. BSBA with a focus in Entrepreneurship. Then I did what any normal person would do...I joined the navy, more specifically Naval Special Operations. That's what they told me at least, still mostly paperwork, God Bless American bureaucracy. I wanted to serve before I was too old or I probably would have regretted not doing it while I could.  

I wanted to buy a house early in my naval career because I knew some of the financial benefits of it from growing up and school. Math! Unfortunately I had that most costly of relationship setbacks, so my first home was delayed somewhat. Fast-forward two years. One home bought, not quite paid for, like I said I live in San Diego. I see that not as a bad thing, just an expensive one.

Home details. House Hack. Partly on purpose but I could have done better.

Purchase 567000

Loan 579000

Current Est Value 632000

Rate 3.375 

PIE 3192

Roommates Rent 2600

BAH 2500ish

So it's not hard to make ends meet. And I recognize I know what I pay, but not what I make. Funny.

I have one private lender who wants to do a deal. Somewhere around 200-300 cash. 

I have one co-worker who wants to partner on a multifamily.

I have one friend who is a mutual newbie REI (great store btw).

And I want to look at house hacking (FHA or Refi current and reuse VA?) a multifamily sometime after OCT 2017.

I have two realtors I like, but I don't believe they are too savvy on the investor side.

Also have two general contractors in my hip pocket. And my dad is an architect, yey free plans.

I have about 2000/m saving rate outside of TSP(401k), 25000 cash, 25000 credit, and no debt outside my mortgage. Next step?

The brief version of my goals.

Never work a job after the navy. Except maybe contracting, at 350k a year it sounds pretty good.

Create 8000/m cash-flow in the next 3 years.

Fully "passive" income before 40.

Travel to the countries the Navy hasn't sent me to.

Eventually give 90% away. (J.C. Penney)

I would love to meet whoever wants to talk, teach, pay, invest or just have a beer with me.

I really just started learning towards the end of last year, but I am addicted to information.

Most Popular Reply

User Stats

277
Posts
91
Votes
Buddy Holmes
  • Investor
  • North Charleston, SC
91
Votes |
277
Posts
Buddy Holmes
  • Investor
  • North Charleston, SC
Replied

Hello @Alexander Holmes, Welcome to BP. I have a grandson in San Diego who is just starting him REI venture. @Ben Biggs is a REI savy Agent who is helping him (not a Holmes).

Give Ben a try, I think he can help you.

Cherrs, Buddy Holmes

Loading replies...