Newbie from Omaha, Ne

[Guy Bailey]

Hello BP community! My name is Guy Bailey and I am 42 years old. Today I am working a W2 as a systems engineer but I am hopeful that I will be able to transition to a replacement passive income within the next 4 years using real estate investments as my financial freedom vehicle. I have past business owner experience (5+ years) and some limited real estate experience with a rental I owned in the the early 2000's. 

Currently I am working on getting my real estate license in Nebraska and am targeting completion in early March. The intention is to use the license for commissions on my own purchases, access to the MLS, networking, and anything else I can do with it as I learn more.

My purchase goal for 2021 is to start with a multi-family apartment complex, maybe 8-12 units with a possible closing date in April or May. Once that is proven continue down the path until we have about 30 units in total by end of year. To support such an aggressive time line I have been preparing by paying off all debts, saving cash, and aggressive learning. In February I make the last mortgage payment on my primary property which will leave me with zero debt. I am planning to use a combination of cash and equity to finance my 2021 goals. 

Building my network and real estate knowledge is my primary goal right now so feel free to reach out!