Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

10
Posts
6
Votes
Michael Papps
  • Investor
  • Norfolk, VA
6
Votes |
10
Posts

Newbie with 75k from Hampton Roads/ Norfolk, Va

Michael Papps
  • Investor
  • Norfolk, VA
Posted

I am Michael and I have been stacking paper for a few years to begin real estate investing. I have a full time job with the DOD and am in college as an accounting major. I joined BP because it seems to be an education and mentorship style site.

My Full schedule limits the amount of time I can commit to real estate and think I will do best with turnkey rentals. I prefer to pay with my own cash for the first few homes.

My goal is to cash flow 10k a month by the time I turn forty currently I am in my mid-twenties

If you were I what would you do? (Broad question on purpose)

Any advice is appreciated.

-Michael

Most Popular Reply

User Stats

764
Posts
951
Votes
Ivan Barratt
  • Investor
  • Indianapolis, IN
951
Votes |
764
Posts
Ivan Barratt
  • Investor
  • Indianapolis, IN
Replied

@Michael Papps congrats on stacking that paper! My advice: keep it in the bank right now and get more financial education.  Read/Listen to some books; not just podcasts.  Study people who've already achieved your goal. Also, may want to rethink your goal. Pick up 10x Rule by Grant Cardone and aim higher young man! :)

Also, be very selective when selecting mentors, authors, people with "advice" and so on.

Go get it!

  • Ivan Barratt

Loading replies...