New Member in the Buffalo NY area

[Joel Winkelman]

Hello Everyone,

My name is Joel Winkelman I am 21 and currently attending college part time to obtain my finance degree. I with my degree I hope to become a CFP after obtaining my certification. I want to be a fee only fiduciary planner and help people achieve their goals in life. I also currently work full time at a tire factory as forklift operator and an auditor.

A rough look at my current RE goals are to save up $15,000 over the next year or so so I can get an FHA loan and get a multifamily home. While renting out one half of the house I will simultaneously live and renovate my side. After 6 months I will switch sides and perform the same renovations being able to rent my previous side out for more. After renovations are complete I will refinance and use a HELOC as the rest of the down payment.

After this I will l save up again in hoping to repeat this process as fast and with as many loans as possible. With my plan I hope to decrease the amount of time between houses as I will produce more cash flow the more houses I acquire. After 4 loans I will likely have to change plans but I would still like to go along with a BRRRR strategy.

I currently do not have the money to purchase a home at the moment so I plan to continuously learn over the next year about real estate and my market so I am as prepared to execute my plan as possible. I currently listen to 40 hours of BiggerPockets, The Money Show, and audio books at work a week. It has become an addiction haha (Book recommendations?)

If you have any advice I would love to hear it and if you are from the buffalo NY area I would greatly appreciate the opportunity to take you out for a coffee or lunch sometime to talk and listen about your life.

Thanks for reading!