New to Investing in Southeast MI

[Nicholas Bastianelli]

Hey everyone!

My name is Nick Bastianelli and I am brand new to Bigger Pockets. My wife and I are 25 and 29 respectively, we have two awesome kids,  we own two CrossFit gyms and I just became a real estate salesperson in the last couple months.

I read a ton of books and listen to a ton of podcasts and Rich Dad, Poor Dad really kicked off this interest for me a couple months ago.

I grew up in a family that didn’t have much money and have been working very diligently to develop myself in the areas of personal finance and investment so that my wife and I can build a great future for ourselves and our children and set a solid trajectory for the generations to come. 

I do not currently own any rentals although I am very interested in buy and hold rentals. Maybe. I think? But to be honest, I actually have no idea what I’m doing and am completely open to suggestions and learning from those of you who are more experienced.

I am from a construction family and did construction myself so the idea of flipping a home is extremely appealing (I love doing construction and building and renos) BUT the time investment and risk associated if a property undersold seems unnecessary at this point. There must be a safer, better way?

I should note we have no money saved or put aside for me to get started here and I’m not likely to have the means to accumulate a solid chunk of change in the very near future. We have a solid amount of equity in our home but tons of debt in student loans and a little CC debt we’re working slowly to wipe out (will have gone within 15 mo). 

Think that may be too much info but figured the more honest I was, the easier it’d be to get where I’d like to go.

Excited to learn! Thanks Bigger Pockets and thanks in advance to anyone who who replies.