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Updated over 6 years ago on . Most recent reply
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I'm Dave from Hamilton, NJ. Hi All!
So as the title stated I'm Dave, David J. Warrick, Jr. to be specific. I’m an above average guy standing at 6’9” tall. I enjoy spending time with my family, and taking day trips to local favorites like the boardwalk and beach.
I'm in the beginning stages of starting my investing career. I have been interested in real estate since I was in my very early 20's, I just didn't know what it was or what I was doing. I attempted to buy several properties over the course of a year or so and whenever an issue stopped me, rather than persevere and move on I gave up. Today I look back at the "deals" I missed out on and kick myself. Flash forward to a little over a year and a half ago, I am married have a "good" full time job as a police officer and have started a family. However I'm not satisfied with what I have in life. So I start looking for a solution. I started on YouTube, watching "get rich quick" videos. Each one would lead me to another and down a path until I found videos about books.
Looking back, it’s kind of silly but the first book I read that got me started was, you guessed it, Rich Dad Poor Dad, that same week I also read The Richest Man in Babylon (which I think was mentioned in Rich Dad). This lit a fire in me only a few months before my 30th Birthday. Within 8 months or so My Father and I purchased our first flip. It was a hectic time in my life and I feel like I didn't do it right, things were missed and it wasn't what I expected. We did most of the work ourselves (my father taking the lead and doing 80% of it). Within 8 months the flip was bought, rehabbed and resold for a profit (taxes yet to be determined). Now that was 4 months ago. Since then, I have done a ton of reading and listening to BP podcasts. I have seemed to come to a tipping point.
I don’t want to flip houses, it wasn’t what I expected it to be, and there are too many moving parts for my taste at this time. I do however want rentals. I want to buy and hold multifamily homes. So, that being said I’m in a savings and learning phase. I need to develop my knowledge base, learn how to evaluate deals and make quality offers. My goal is cash flow with a bigger purpose in mind, fulfilling a lifelong dream of building my own home on a small farm preferably in my hometown of Hamilton. I am hopeful that I can make that dream come true within the next five years, and I think with the right moves it should be possible, only time will tell.
So I guess that covers the basics with some extra details and poor grammar thrown in for good measure. So Now that I’ve been a BP member for about a year (I think) I’m finally introduced. Feel free to ask questions, and/or give me any pointers or advice.
I hope to be a BP Success story once day!