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Updated over 7 years ago on . Most recent reply
Newbie from Houston, TX
Hello BP Fam,
My name is Dan Redd and I am a new investor from Houston, TX. My primary interest is in wholesaling as I believe this area is the best for me to enter REI. My research taught me that you must have a "why" as to why you want to enter real estate investing and a strategy to back that. My "why" is to pay off student loan debt, achieve financial freedom, and get from behind this cubicle I currently work in. Of course, my list of "why's" is much longer than those three but I thought that might be a bit much for an intro. I have no illusions of grandeur and I am fully prepared and ready to work hard and put in the necessary hours to achieve the financial freedom I desire. I hope to leave my day job within a year (I a willing to listen to any advice if this goal seems a bit unrealistic for newbies).
Strategy - wholesale until I achieve a years worth of expenses, leave job, then branch into fix-and-flip, and buy-and-hold. Although, buy-and-hold is beginning to make sense for today as I am only 30 and could have quite the portfolio by the time I'm 40. I hope to retire when I'm 45 (again, I'm willing to listen to any advice if that goal seems a bit of a stretch).
Goals - I actually need some guidance on how to set realistic goals as I am unsure of what makes sense for a real estate investor.
I look forward to speaking and working with you all be it in actual deals or here on BP. I'm grateful for a resource such as this one and have already corresponded with many. Thanks again.
Dan Redd
Most Popular Reply
@Shellon Bristol Thanks for the warm welcome. Being a newbie, we walk it out together. Best of success.
@Shawn Ackerman I appreciate the validation. I'm learning that a team is most important in the beginning as this is what makes it all work. I will certainly focus on the areas you mentioned and execute!
@Jason Hirko Yes! This past week has been the most interesting of my life. It certainly will be a good way to cut my teeth into REI. I hope you all are safe and well.