My Newbie Introduction

[Ethan Allen]

Hello everyone! My name is Ethan Allen, I'm 20 and I live in Olympia Washington (yeah, just like Brandon! We should totally meet up Brandon if you are reading this!) but will be moving to Maricopa Arizona within the next months. I come from a large family of 7 boys, 3 girls, and 2 parents! From young age I was taught the value of saving, being smart with income, and hard work. I have been working a job since the age of 7. Whether that was gardening, watching dogs, or some other type of yard work you would find me doing it. Since we were such a large family, my parents couldn't afford much, so if I wanted something I had to get out there and earn it for myself. I graduated highschool with my HS diploma and a general AA degree, but I didn't know what I wanted to do and got the first job I could and have been working it since. 

A few weeks ago I was reading about wealthy people and it always came back to real estate. So I started watching some videos of Stephen Graham on YT and was inspired by his stories and success. Then he plugged BP and I started listening to the podcast on Spotify. I have roughly been listening for about two weeks and I'm on episode 27! But I'm concerned that some of the advice might be more relevant to our current markets if I were to listen to more recent ones...however that's not what I'm trying to say. Hahaha, lets get to my goals! 

For my short term goals I want to 1. Begin my journey by saving up and gaining knowledge through reading and BP while still in Washington 2. When I move to Arizona to apprentice under a local investor and then buy a multi-family home and live in one of the units 3. Decide which path I want to take through hands on experience with said Mentor. I want to mostly buy and hold by using the BRRRR method, but I'm definitely open to whole selling or flipping depending on the market or if I need to build more capital.

For long term goals I 1. Want to build up enough passive income to either find a job that I really enjoy and work it and real estate at the same time, or just do real estate full-time. 2. Own 5 properties by 2025 3. Ensure a scale-able business 4. Create generational wealth for my future children and their children to come 5. To improve neighborhoods and create strong and well connected communities wherever I take my business. 

Thank you all for taking the time to read my post and I hope to talk and collaborate much more with you guys in the future! 

[Adam Tafel]

Great into post, welcome to BP! You now have one job to do : work like a dog, save everything. If your current job doesn't allow you to save the majority of your income, get another part-time gig. Sounds like you have good work ethic and probably a decent skill set, find creative ways to build capital on the side. When I was starting out I worked multiple bartending jobs and fixed up motorcycles, it was a grind but I'm glad I did it. 

Also, connect with an investor-focused lender ASAP. Even if you aren't ready to buy, you'll be glad you did. Good luck!