Newbie Investor In Port Washington, Wisconsin Area

Newbie Investor In Port Washington, Wisconsin Area

New to Real Estate · Port Washington, WI · Member since 2020 · 17 posts · 14 votes

Hello BP

I have stumbled upon BiggerPockets recently by chance and have been completely enthralled with what I have discovered. I have never been a part of a community driven forum such as this, so I am excited to see what happens and to see just how much I learn. I figured I will throw myself out there and see where I end up.

Quick Background:

I left high school, tried to go to college, had to leave college, and got stuck with a huge debt with no usable college experience, and was lost for a while on what to do. Eventually I got myself together, found a decent paying job, rapidly grew into well-paying job, and set all my focus on being debt-free. June 2020 I successfully paid off my $30,000+ debt in under 3 years completely by my own means. Now, at the age of 22, I began to ask myself "What's Next"?

Fast forward to about a week ago, where I found BiggerPockets Money Podcast. I listened to the first Podcast and knew instantly that Investing is where I wanted to go next. Everything that has been talked about on the Podcasts (guiltily have listened to over 12hrs of them in the last 2 days) made perfect sense to me and seemed totally achievable to me in some form. I started looking into the website, have already put in 20 hours of research and reading in the last week, and now here I sit taking a step I have never took before and becoming proactive.

Looking forward:

I am super excited to see what I can achieve in the near future. I am still new to the field but already have my eye out for a properties that fit the live-in flip criteria for profit or a house hack viable multi-family home with a guaranteed cash flow. BP has really helped me analyse and see the potential in real estate around me (and showed just how important it is to do the math to find the right deal). Although I am still building my savings for a down payment while still maintaining a safety net, I am eager to get started in REI within the next year. I am looking forward to connecting with new people and hope I can build lasting relationships even if I do not invest in real estate.

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  • Rental Property Investor · West Bend, WI · Member since 2015 · 931 posts · 598 votes
    6y

    Welcome Adam Im in West Bend if you ever have questions or want to meet up, Im starting a spec build and have 23 rentals currently and have completed 31 flips. so I have real experience, be forwarned 80% of BP is the blind leading the blind. 

  • Daniel HymanBusiness Member
    CPA · Milwaukee, WI · Member since 2016 · 2k+ posts · 1k+ votes
    6y

    Welcome to BP @Adam Chmielewski and best of luck in your investing!

    My Online Accountant572 Reviews
  • New to Real Estate · Port Washington, WI · Member since 2020 · 17 posts · 14 votes
    6y

    Thanks @Daniel Hyman and @Scott Schultz. Its really cool to see local faces so welcoming

  • Dave CarpenterPro Member
    Investor · Cedarburg, WI · Member since 2013 · 439 posts · 150 votes
    6y

    Welcome Adam! What areas are you looking to invest in? 

  • Rebecca KnoxBusiness Member
    Specialist · Milwaukee, WI · Member since 2014 · 1k+ posts · 1k+ votes
    6y

    @Dave Carpenter are you buying in Port Washington Dave because Jodi has something a deal too she told me about yesterday. 

    Captain Save-A-Home LLC
  • Dave CarpenterPro Member
    Investor · Cedarburg, WI · Member since 2013 · 439 posts · 150 votes
    6y

    Certainly happy to take a look. I’d love to get something in Port! Send her my way.

    @jodi

    *Tag doesn’t seem to be working from my phone 

  • Wale LawalBusiness Member
    Real Estate Broker · Houston | Dallas | Austin, TX · Member since 2018 · 5k+ posts · 2k+ votes
    6y

    Welcome to BP @Adam Chmielewski and good luck in your investing!

    We all started somewhere and make couple of mistakes that eventually shape our investments journey. 

    @BiggerPockets .com is a great platform to learn for free, connect for free and gain life time freedom if you choose to. Feel free to reach out if you have any specific question. 

    I will suggest you read Rich Dad, Poor Dad if you have not already. That will help with your mindset and keep you focus on your BIG WHY.

  • New to Real Estate · Port Washington, WI · Member since 2020 · 17 posts · 14 votes
    6y

    @Dave Carpenter I am looking to stay local starting out staying north of Mequon, south of Sheboygan, and no farther west than West Bend. Right now, I do not expect a lot of deals so I am just saving up and learning as much as I can while keeping an eye on the local market. I will not be vigorously looking until spring of 2021. Any tips or deals you are acting on, it would be cool to see your thought process on it afterwards (of course if you're willing). 

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