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Updated about 7 years ago,
Aspiring RE Investor from Dallas, Texas
Hey ladies and gents, my name is Treivor Cashion and I'm currently living in the beautiful Dallas, Texas area!
A little bit about me, I'm originally from College Station, but I moved here when I started college at the University of Dallas in Irving. I recently graduated in May 2017 with a business degree and I'm currently at the same university taking grad classes to receive my MS in Finance and should be done with that in August 2019. Near the end of senior year in college, I started talking with a buddy of mine about investing in general. We'd all seen Shark Tank and always thought it would be awesome to learn how to make our money make money haha so I started reading up on sites like Investopedia, NerdWallet and similar sites like that on personal finance, investing and how to become financially free. Through messing around like this on the internet, I stumbled across Bigger Pockets. More so than stocks, bonds or any other marketable security, the idea of owning something tangible and real and finding creative ways to make properties cash flow struck me as more exciting than the movies I'd seen about Wall Street. While I still do want to self-manage my own marketable securities portfolio, the more I listened to the BP Podcast and read the articles and blogs, the more I was drawn to Real Estate Investing. The idea of owning my own portfolio of properties, searching out creative financing, finding ways to add value to homes, provide a wonderful place to live to tenants and receiving residual income while doing it? Sounded like much more satisfying work than just growing wealth on paper through securities. Anyway, I don't want to ramble. Here's where I'm currently at in my RE investing journey...
My goal is to buy & hold (and maybe flip, once I build enough equity) small multi-family properties in the Dallas or College Station area, for the purpose of long-term monthly cash flow to become financially independent by the time I'm 30 years old (currently 22). I listened to a BP podcast a couple months back on the many opportunities that small multi-family properties provide and ever since I've been obsessed with learning about how to find, finance, close, renovate, manage and profit from small multi-family properties. I've talked about it with my girlfriend, who I've been dating for over a year now, and we're planning on getting married. Haven't proposed yet, but the money to buy a ring is starting to build up in the bank! :D anyway, I showed her the theory and numbers behind the concept of "house hacking" and once I discussed it thoroughly with her, she was on board! So now I am currently in the process of educating myself on REI (through books, podcasts, this forum and searching my local markets) and saving capital for my first investment. I've read the vast majority of articles on here, the Beginners Guide and I'm in the process of reading Rich Dad Poor Dad and Cashflow Quadrant, with the goal of reading one book on REI every two weeks. I'm also planning on posting on this forum at least once a week, to learn more from you guys and stay active in this awesome community that Josh and Brandon have put together. I'm also working a full time job while taking grad classes, and saving around $500-750 a month to put away for my first multi-family property. So anyway, that's where I'm at...can't wait to meet and network with some investors on here! I have about 6 months of financial analysis work experience with the bank I'm currently employed at. Thankfully, I've gotten the chance to analyze pro-formas and current properties in and around the Dallas/greater Texas area, so I'm getting some experience in that respect, but I'm looking every day for the next best thing! Looking forward to what the future provides!
~Treivor