Newbie - Austin, Texas

[Scott Simmons]

Good Morning,

My name is Scott Simmons. I am 27 years old living in Austin, Texas. We are currently living west of Austin in Bee Cave, Texas in an apartment and would love to have an equity growing asset in the next 12 months.

A little about me - I graduated Iowa State University with a Bachelor's in Finance. After college I was introduced to high ticket sales and spent two years at selling private aircraft in the mid-sector market throughout Texas and Louisiana. This was an incredible opportunity that taught me a lot, and showed me the power of RE investing when speaking with some of our customers. January 2019 I jumped ship and started my own Creative Studio in Austin, TX after realizing I had a knack for video production and photography. I am a one man shop supporting businesses and brands with photo / video content - clients range from Instagram influencers, multi-family and commercial property developers, residential real estate agents/brokers, restaurants and other small business around the area. I am currently working to expand the business into an educational platform to help teach others the power of creative. 

While doing so, I would like to start spending my free time learning about RE investing. Owning my own business, as I'm sure many of you know, means I am bootstrapping and frugal with my earnings as I re-invest in the business. College put me in a lot of debt and I am looking to pay off my student debt through my effort in my own business, future businesses and real estate.

I am not in a place financially to start investing yet - I am a little confused and nervous when it comes to different loan strategies since I am in almost 6-figure debt - but I am certainly ready to start allocating my free-time each day to learning about RE investing and working my way to being debt free and further financially free so I can spend time with my family, travel and give back to communities and invest in businesses I believe will help improve our lives.

Currently my long-term goal would be to continue building my creative business while starting to purchase single family homes - or multi-family if it makes more sense economically in Austin - living in the first, growing profits, start renting and repeat. With that said, I am open to all strategies because I don't believe it's a one size fits all for all or in every market. 

Thank you all in advance for welcoming me and supporting. I will do my best to be a positive light on the forum as well as educate others while I learn.

Cheers,

Scott