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Updated about 6 years ago on . Most recent reply
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Excited to Begin My Journey!
I'm a real estate newbie and live in SE Wisconsin. My wife and I find ourselves in the fortunate position of having an extra 5K-20K in extra cash flow each month thanks to our direct sales business. I just gained interest in real estate investing at the beginning of this year and I'm really excited to add this to our arsenal to provide more passive income. I've been reading books, listening to a couple of podcasts a day and gaining free education I can get from the forums here on BP.
After going through the beginner's guide and listening to lots of podcasts I think I'm interested in purchasing duplexes and multi-family units and utilizing the BRRRR strategy.
All that being said, I'm all ears to hear what some of you more seasoned vets might do if you were in my shoes. Furthermore, if there are any of you meeting in SE Wisconsin for real estate networking meetings please let me know. TIA!
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Im not looking to make a Million dollars per year, I just want to be comfortable, if my passive can net 6 figures and a lots of equity, Im ok with that, I dont desire a big house (had the house wasnt worth the work for me) or expensive cars (my previous life i was a mechanic I HATE CARS) I enjoy being a miser that doesnt need to be a miser, my wife and i often giggle about the people living like they are rich, having to go to a big job everyday, while we go out to breakfast on a Tuesday after dropping our children off at school. and @Aaron Stuiber its not a pipe dream if you are disciplined, and understand it takes many years to be an overnight success ridiculous hard work for over a decade for me, 14 hours a day 7 days a week to be most accurate. I like the saying "Do what others wont so later you can live like others cant"