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Updated almost 7 years ago,
Successful Career YES...Successful Investor, Not So Much!!
(Apologies for the slightly long post)
Hello Everyone,
I've been on BiggerPockets for over a year on and off and have found it to be a great resource. I find myself getting stuck in that "analysis paralysis" stage often until eventually I get overwhelmed and lose interest..only to find myself right back! I cant necessarily say that it is a "passion" because I haven't done anything but there is something that constantly nags at me about real estate in its ability to provide financial freedom and living life on my own terms which is my goal. I've recently read some blog posts and listened to some podcasts and had some questions/ideas and wanted to get some feedback from successful investors.
Yesterdays podcast talked about being a Introvert in the industry/ as a landlord, this piqued my interest because Iam 100% an Introvert and talking to customers is such a daunting task for me sometime. If you consider yourself an Introvert what has your experience been and how do you use this as an advantage? Is using a property manager a great way to avoid constant communication?
In a blog post I read if you dont have any reserves to invest in SFH with the buy and hold strategy you should avoid this and perhaps begin with wholesaling or some other real estate job..thoughts?
What kind of leverage could be used if I wanted to purchase my own home and a rental property in the same year? (Besides house hacking) Would you recommend doing this or is it too much hassle?
Any ideas/insights welcomed. Just looking for some ideas to get started.