Dayton OH Real estate investing noob

[Calvin Anderson]

Hello all,

I'm Calvin Anderson and I'm excited to be a part of the BP community!As the title suggests, I have a big fat zero experience in regards to real estate investing of all kinds, and that is why I'm here. 

I became interested in just about everything finances this past year after attending a continuing education/networking event in Columbus, OH for recent pharmacist grads. And yes, if that answers one of your questions, I currently practice pharmacy in the city of Troy, OH and graduated back in 2017 (which seems a long long time ago now). Anyways, this past January I attended a professional networking event that really opened me to the world of personal finance and to the goal in becoming financially free. This has led me down the path of reading various books, such as Rich Dad Poor Dad and 4 Hour Work-Week, as well as listening to various podcasts, such as Your Financial Pharmacist and of course Bigger Pockets. I feel that I've only scratched the surface in terms of real estate investing, and I came to the realization that real estate investing is a solid way to accumulate wealth and grow my assets column. Coming from a personal note, real estate investing will be a great avenue towards paying down my sizable student dept and act as an additional side hustly outside my "9-5."

I don't envision myself as becoming the next big shot by any means, but I personally feel that I'm in a good financial position to get started down this path and am prepared to do whatever it takes. Specifically within real estate, I am especially interested and becoming a landlord and renting out a couple properties (multi families yes please). Another aspect of real estate investing that has caught my attention is the rise of Fundrise and other similar eREITs.

Anyways, I appreciate your time reading through all of this and I am excited to learn, grow and apply as much as I can to get started. I'll leave with one question that is currently one of my obstacles in taking the next step: How do I convince my wife, who is very risk averse, that going down the real estate investing path is a smart move with our money?

[Remington Lyman]

@Calvin Anderson I would try to pitch your wife on buying and moving into a duplex. You could use the argument that you need a place to live and this will get you a great experience with the property management side of things. The side you rent out will significantly help cover your monthly payments. You can then scale up from there. You can also get a 30 year fixed rate mortgage for as little as 3.5% down.

That is how I got started when I graduated from college. I also plan on repeating the process until I get up to 10 residential loans.