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Updated almost 7 years ago on . Most recent reply
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Newbie from New Mexico
Hi there!
My name is Marc Reynolds and I'm just getting started with my education in real estate investing. I grew up in Ohio, right next to Lake Erie. In 2012, I moved with my wife and two kids to Malaysia to start a software consulting business, which was a huge rush and an awesome experience... but it was also exhausting. A couple of years ago, we decided to close the company in Malaysia so we could move to New Mexico to be near my wife's family! I do miss the tropics, but I also love New Mexico. Snowboarding in the winter, mountain biking and fishing in the summer. What's not to like?
So why real estate? Since moving back to the States, I've been thinking a lot about what I want to do in the long-term. I love my job and I love the company that I work for, but companies change and so do jobs. Working in the software industry, I'm concerned that as my career progresses, demand on my time is only going to increase.
Over the years, I hadn't spent much time on my financial education, so after reading Rich Dad Poor Dad (and now many, many other books on investing), I feel like I've started to shift my paradigm. My goal is to educate myself and then take some action. I have a tendency to analyze problems to death... so that's going to be my biggest challenge. I would like to start out with a small rental somewhere nearby, either a SFH or a duplex, learn a lot there, and then do it again.
Glad to be here!!
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Hi Marc - best of luck to you. the first one will be the hardest. you might also consider the Taos market - fairly close to you and might have more opportunities there.