New to BP and REI from Shakopee, MN

[Christopher M.]

Hi Everyone,

I am new to real estate investing and am less than 6 months from completing a doctorate in clinical psychology. I do not want financial reasons to dictate where and how I work and serve others with my doctorate, and I have found that my results driven, analytical, and entrepreneurial mindset are not well suited to some aspects of my chosen career path. 

While in the process of testing several online business ideas, I read Rich Dad Poor Dad, and I have been reading and listening to everything I can get my hands on related to REI. I believe that REI is the best vehicle for me to reach my financial, career, and service goals.

My current plan is to buy, rehab, house-hack and rent-out, refinance, move-out, and hold a 2-4 unit property in the Twin Cities area starting with an FHA 203k loan (if I can manage the red tape). From there I'd like to steadily move into multifamily properties as soon as I am able with partners and/or syndication. My goals include reaching 10k/month in cash flow and creating long-term wealth for the security of my family. I believe that reaching these goals will provide me greater freedom to work as a psychologist in those areas I find most important. I am also very involved with a local charity and have a long-term goal of providing an endowment so the charity's work can continue long into the future. Thanks to all contributors on the forums, and I look forward to learning more.