New Member KY- Pulled The Trigger!!

[Omari Bookal]

Hello BP Community,

(Not really a new member intro) 

Last week I finally made the leap to quit my full time engineering job and become a full time real estate investor in the Lexington Kentucky area. Right out of college started working as a process engineer at the Toyota Manufacturing plant in Kentucky and I was working some absolutely crazy hours then there, around 85hr weeks 6 days a week on average (BRUTAL) so I had no life. When not at work I continued to read and live frugally (mainly to pay student loans) then I found Rich Dad books, started listening to BP, researched real estate and started attending meetups in Kentucky I realized this was the way out of the rat race. Long story short I wanted to do this full time.

TODAY- I own my first home (BRRRR strategy), I am no longer working as an engineer (quit last week) and made the decision to become a FULL TIME INVESTOR in Lexington and Georgetown Kentucky.

                     What I'm looking for are people in the area who are...

A. Needing a partner/ mentee for their wholesaling business, so the business can grow and they and teach and I can learn.

B. House flippers needing deals in a certain area who need boots on the ground to search for off market deals. 

C. Investors looking for buy and holds at a reasonable price with not much work to make rent ready. 

I know how to work hard, I know to be organized (to an extent), I have experience building a company and I'm diving into this thing head first with not much life support but I believe that's what it takes. I think one should enter action with boldness and put yourself in some hemmed in ground because you will force yourself to be successful!!

Looking forward to meeting some new people! 

[Omari Bookal]

@James Wilcox There were other factors in the job that I did not disclose because I felt no need to make a lengthy introduction. Basically job was just too much, not just the hours but just in general. To answer some your questions, I do have money set aside for paying my everyday bills, around 5 months worth. I have rooms rented out in my home to offset the mortgage payment (not cash flowing since owner occupied) plus another $3k dedicated specifically to marketing and $10k in emergency funds. Purchasing rental properties is not a part of this phase of my long term strategy, that's later on down the road. My back-up plan is my engineering degree and many years in industry to get back into the rat race if it all fails but I am willing to pay for that lesson. 

Another important factor is, I need to know what it is like to be a full time businessman with ME being the sole reason for success OR failure, not anything or anyone else. Before I always blamed it on not having enough time to get into REI now, I have nothing but.

I don't want to get into a lengthy response about the details of exactly what I am doing but if you would like to meet in person I'd be happy to go into a little more detail, I've got lots of time on my hands now haha.  I really do appreciate the advice Jim! You're a good man for really questioning this dramatic decision I made. 

@Nick Woodward Jim is right, come to the meetup so we can all get together and talk business!