Introduction + Financial Education Advice Question

[Brad Kroepfl]

Hello all, I am newer to BP and I am starting to spend more time here as I progress towards acquiring my first real estate investment property.

Well I did have a rental property that once was my personal residence I HAD to rent out after the 2008 collapse to keep afloat. I sold the property a few years back as it was older and becoming hard to manage from afar after 10 years of experience. Also I was in debt and in no way ready to be in the REI game like I am now.

Fast forward to today, I am debt free, proficient in budgeting, have a HELOC locked and loaded as well as I have recently came to truly understand how to "pay myself first" which is quickly building capitol for future asset acquisition. I am fortunate to have a job that I love, that pays well enough for me to support my family + lifestyle all while being flexible enough for me to not be shackled to my position.

I have a disciplined and structured mindset that I would like to use to focus on becoming financially educated and on to a sophisticated investor.

I am looking for direction on how to obtain this.  I am willing to invest in myself and a structured curriculum should one exist/come recommended?  That is my problem. There is lot of vague advise like read BP articles and listen to podcast which are all great! However I would thrive in an environment that gave me more of a structure step by step education. I am the type that would set aside the needed time to jump head first/fully committed to the process. 

Any suggestions out there?

[Ruth Lyons]

Hi Brad, First, congrats on getting yourself in a position to get started! I can't recommend any specific courses other than the advice you've already heard -- to dive in and read forum Q&As and listen to podcasts here. The best way to learn is to jump in and get started. Do your research to find a good deal and research what you need to know to make good decisions as you move forward with that deal. When my son was young, he was in 4-H and their motto was "learn by doing". You won't know what you don't know until you're moving forward and need to figure it out.