Newbie in Juneau Alaska

[Gernot Bucheli]

Hello everyone. I am new to real estate investing. My goal is to buy and hold for residual income. Residual income of at least $10k per month to start out before leaving my job. I don't have any money for investing so I'm going to do wholesaling. That's a suggestion anyway for newbies I hear often. Then move into flips, eventually into BRRRR. That's the game plan anyway.

I'm a late bloomer. I moved to Juneau Alaska in 2005, bought my home in 2009 liking the city a lot. Then in 2015 married when I was 53 to a young, beautiful and smart woman. There is a saying, "Behind every successful man, there is his beautiful and smart wife rolling her eyes." I'm not successful YET. But she is still rolling her eyes. We have a 2 year old handsome, viverant son. I drive the city transit bus full time. As of now I have a 3 day weekends, and every 6 months there a shift bid. I desperately want to quit my job. There is no room for improvement or advancing. I go to work only for a paycheck and benefits for the family. Nothing more. So I'm hungry to learn about real estate investment. As Grant Cardone would say, "Be hungry as a starving dog running after a meat truck."

I'm looking for mentor. Perhaps this forum is the place to go for mentoring. So far I looked at a 5 plex and the numbers do not work. Thanks for Bjorn Ahlbad and Jaysen Medhurst for their help to analyze the property better. So, I'm not going to pursue this property. However, it was a great learning lesson for the future investment potentials.

Thank you everyone for allowing to me in the family of BP. I'm looking forward to hearing from you and one day to meet you too. Have a productive and 10X day

[Jan Kerr]

@Gernot Bucheli and @Robert Hartley Welcome to both of you! My question to both of you is: Where are you planning to focus your investing? I understand Alaska, but I imagine a slower moving market there. Robert, being from Tokyo, are your plans to invest there or here in the US?