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Updated over 7 years ago,
Newbie from Concord North Carolina
My name is Jeshua Patrick. I am 34 years old and live in Concord, NC, just outside of Charlotte for those unfamiliar. I have wanted to get involved in RE for quite some time and didn't know where to start.
I captioned my introduction new learner because for the time being that is all I am. I will not be in a position to take any serious action towards a purchase for another 12-18 months. Why so long? I currently work full time, about 50 hrs/wk, and go to school in addition to a growing family. I realize that trying to add something like this to everything else would likely end in disaster so I'll be patient.
Aside from a couple house transactions for personal use I have no experience with RE from an investing standpoint. I am in my second home currently, both involved some level of remodel. My current home is about 80% finished with time being a major factor in the speed of completion. My current expected equity upon completion is about 30%. Not bad for a house I bought on no money down about 4 years ago. My first house I basically got to live in for free for 5 years.
My current goals for the next 18 months are as follows: finish school, save $20k, learn about the investing process (deal analysis, financing, deal structuring, business structuring, etc), and develop relationships with local pros (investors, RE agents, CPA's, attorneys, etc).
I am definitely looking forward to your thoughts and questions.