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Updated about 5 years ago,
New to this... Send help!
Hi All,
This is my first post! I just started listening to Bigger Pockets 2 weeks ago and looking for guidance wherever possible. Here’s my story/background...
I am 29, a mortgage loan originator in Austin for a big bank. 2+ years in lending here in Austin, 7 years in banking between Chicago and Austin. I just bought my first home in July 2019. My fiancé bought hers in May 2019. Our goal is to rent hers out when we get married in the next year.
That being said, it has become abundantly clear that while I have an aptitude for being successful in lending, I do not love it and more importantly- I do not want to be in corporate America any longer than I have to be.
With my experience as a lender, I am familiar with lending as it relates to primary, secondary, and investment properties across single family and condos, but my experience beyond those home classifications is non-existent simply because I do not directly provide any other solutions than what fit in the big bank box.
So I come to this forum in search of guidance, advice, and input on what are some good things to start getting my feet with in order to start the journey to building my portfolio and getting into the multi family space.
Do you start with saving until you have $100k in the bank? Find a private investor (how does that even work)? Find a broker? So many questions and I have no idea if I’m overthinking or not. Working for a conservative lender, I feel like my whole Lending career, I’ve had these blinders up on how to traditionally acquire real estate.
Looking to open my eyes as much as possible. Any and all advice is appreciated. I’m a sponge! Thanks y’all!