Advice for a newbie

[John Rumsey]

Hello everyone!

I’m John and I’m new to real estate investing. I’m currently active duty military with 7 years left of service before I retire. I’m looking to create and grow sources of passive income that I can rely on once I exit the military. I figured real estate is a great option for one of those sources.

I've save up about 50k of cash to buy and renovate my first property. My goal is to own at least 30 units in the next five years, and an additional 20 two years after that. Giving me a total of 50 units by the time I hit retirement. My plan is to utilize the BRRRR strategy, in conjunction with self financing through an LLC. If I do this properly, I'm hoping to eliminate the 6 month seasoning period require to refi and recoup my all in costs.

So far, I’ve hit a wall when it comes to realtors. I’m not sure if they aren’t understanding what I’m trying to do, or if they just don’t take me seriously. Can anyone offer any advice on how to handle this or recommend any brokers if you’re in my neck of the woods.

Much appreciated!

-John

[Grayson Spittel]

@John Rumsey David’s exactly right about The Five Pillars team. @Daniel Kidd is great and can help you with anything. Also, while delayed financing is dried up at the moment, MC Mortgage in Wilmington, NC specializes in helping investors and they know their stuff backwards and forwards.

Best of luck - all the best

Grayson