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Updated almost 7 years ago, 01/18/2018

User Stats

7
Posts
5
Votes
Evan Renaud
  • Franklin, MA
5
Votes |
7
Posts

New investor looking for direction

Evan Renaud
  • Franklin, MA
Posted

My name is Evan Renaud 29 from Boston, Massachusetts and I've just joined the site after listening to the podcast daily for the last month. I am a union Foreman painter in the city and have experience in all sides of construction. I am the hardest worker every job I have ever been employed being awarded the fitting accolades. I only say this to inform you I will never waste anyone's time and I am not on here to be the one of the ones "who fail or don't make it" like question 3 in the fire round.

My beliefs on money, savings, and being frugal allowed me to aquire a savings of $75,000 while having an employer paid annuity and just purchasing my first single family live in home. I know l now it's a liability and not an assest.  Recently purchased Rich Dad Poor Dad has opened my eyes and mind that indeed I will never be financially free this way. The house was bought with a flippable intention in the long run as far as school district, neighborhood, and minor rehab.

I want to invest in my local market which is the Boston and surrounding suburbs which is a high and attractive market which still has room growth due to increase in job demand from next new casinos, hotels, GE, and Amazon. 

Before plunging in I'd like to take the year to gather the knowledge of which real estate investment is best suited for me. Also for the delay my fiance and I are saving for a wedding in August which I know is not a wise financial investment but her mom has stage 4 breast cancer being in a coma less than a year ago and we all want her to be here for that event. 

Having said that I don't want to stand idle by and have $1,000-$5,000 to invest and was curious if it was a wise choice to invest into a portfolio on Fundriser.com( or other investing site) to get into the investing market?

If you made it this far thank you so much for the time and any reply or insight.

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