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Updated over 4 years ago on . Most recent reply

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Andrew Becker
  • Milwaukee
1
Votes |
6
Posts

Newbie from Milwaukee Wisconsin

Andrew Becker
  • Milwaukee
Posted

Hello BiggerPockets!

My name is Andrew Becker, and I'm starting my real estate investing career here in the Milwaukee area, (or surrounding areas). I'm finishing up my PhD in biochemistry and will pivot into a career in education after I graduate (I am still sorting out my options). I live a very frugal lifestyle, as I have saved $24,000 in 3 years on a graduate student stipend so I could purchase a house that I am house hacking to save for my first small multifamily-unit property. No mortgage payment is pretty sweet, thank you @Brandon Turner ! I have been living happily on a graduate student stipend for almost 4 years, so any pay bump after I graduate in a year will just be used as capitol to get into small multi-family investing. My current plan is to get into small-multifamily investing and move up from there. 

Currently, I need to finish up my degree to get a better job, and continue to save as I don't have many expenses. Until then, I am listening to podcasts, reading books (I'm getting through them fast so I need more suggestions!), learn about the different areas in Milwaukee and how they seem to be progressing from an investors perspective, and start networking with others in the area! 

I would love suggestions from anyone to help me meet others in the area. I am hopefully going to start bookkeeping part time for a larger multi-family complex to better understand how they function (thoughts on this?). 

Overall, I am a very positive person with a lot of hustle. I look forward to meeting you! :)

Most Popular Reply

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Marcus Auerbach
#3 All Forums Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
6,438
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4,478
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Marcus Auerbach
#3 All Forums Contributor
  • Investor and Real Estate Agent
  • Milwaukee - Mequon, WI
Replied

@Andrew Becker buy and hold is not rocket science. Actually quite the opposite. Most beginning investors overestimate what it takes to be successful. And you have a whole industry selling courses about everything you need to learn before you are ready LOL.

Common sense, emotional inteligence and pople skills will go a long way. A gig in book keeping is neither necessary nor particular useful for what you are looking to do. A lot of successful investors are big picture people - they hire a book keeper.

If you want to better understand what's going on in the Milwaukee market go to my BP profile page and check out the monthly market update video.

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