Seeking to network (Dayton Area)

[Josh Springer]

Introduction
My name is Josh. My wife and I are both prior Active Duty Air Force (she's not in the guard). I medically retired from the Air Force after breaking my back in 2014. I've since continued to work in IT and now work as a Senior Consultant for a well known software company. Although I've been successful in IT, I don't have much interest in it anymore and want to not only gain financial independence, but transition into a career in real estate.

Like many others, I have minimal experience in in REI (buying and selling primary occupant homes). Furthermore, I have very minimal experience in the DIY aspects of home improvement. Both of which I'm passionate about learning in the years to come.

My goal is to find like minded individuals, from all walks of life, experience levels, goals, focuses and simply meetup for lunch, a coffee, or larger groups - in addition to the local monthly Dayton Meetup group. I'm a huge advocate for professional development and I've learned that even a 15-30 minute conversation can ones self by leaps and bounds. 

Goals
As with all things, this plan is by no means rigid. I'm still trying to learn my niche, but this is my starting blue print. This will evolve over time as I learn more, but want to provide this to hold myself accountable and transparent. 

I have 2 primary goals. One is to create passive income for retirement, my secondary is being able to leave my current profession and focus full time into real estate. 

Short Term (1-3 years):
- Sell current property - Class A home, can make equity on sale, but rent level is too high for comfort (too risky)
- Year 1: Purchase first "House Hack" property (duplex)
- Year 2: 1 Duplex (Stretch Goal: 1 multifamily)
- Year 3: 2 Duplex (Stretch Goal: 1 multifamily. 2 flips) 
Total Properties: 4 rentals (Stretch Goals: 6 rentals, 2 flips)

Medium Term: (4-7 years)
- Year 4: 3 Duplex (Stretch Goal: 1 Duplex, 3 flips)

- Year 5: 3 Duplex (Stretch Goal: 1 Duplex, 4 flips)

- Year 6: 4 Flips - begin preparation for year 7 goal (Stretch goal: 2 flips)

- Year 7: Trade 3-4 initial rental up for an apartment complex (Stretch Goal: need to identify sizing for initial goal, then shoot for higher target as a stretch)

Long Term (7 years+):
- Needs developed. Expand on first 7 years, continue to focus on compounding capital investments for scale. 

[Paul Amegatcher]

Welcome to BP. There are not many duplexes in the suburbs around Dayton so you may run into issues trying to find one. There are plenty of them in the city but that may not fit where you want to live. You may have to consider a fixer upper for your primary residence and get a line of credit for the equity after you complete the renovations. Look forward to seeing you around the meetups.

Paul