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Introduction to my real estate career
Hey everyone. As my first post I'll go ahead and share my real estate story and how I got to where I am today (not that far yet haha). It all started when my dad, who is not a real estate investor, suggested I read Rich Dad Poor Dad. Super original, I know haha. So I read the book and instantly was thinking, "Yes, this is what I need to do." Since then I have read about almost every niche of real estate. Analysis paralysis-ing myself I suppose. I have a B.S. degree in Mathematics and Physics and a M.S. in aerospace engineering so I like to know every last bit about everything. It's a gift and a curse. I eventually settled on multifamily for my buy and hold home style of choice. But I took a job in the SF Bay Area working in aerospace and multifamily homes in the area go for roughly $800,000, at least on zillow style sites. So even 3.5% for an FHA loan would mean I would need to save for years. So I decided I needed to raise capital and looked into wholesaling. I read a few wholesale books and was about to start to read the flipping books so that I could understand the costs when I listened to the Seth Williams BP podcast on land investing. I decided to look into it more and came to the conclusion I might have better luck there than trying to get into the Bay Area SFR wholesaling world. I plan to scale that land investing business as well as possible, 4-hour work week style. Then begin wholesaling, hopefully bird dogging for a local multifamily investor to learn the ropes and find my first deal. I believe that having the wholesaling skill set will make my first few investments, the ones that really need to be slam dunks, home runs.
I think thats a good intro for today. I'll be continuing to blog in order to share my thoughts, hopefully some people can spot anything crazy that I might be doing by accident, and build some credibility on the forums.
Happy investing!
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