All Forum Posts by: Calvin Anderson

Hello and welcome @Trey Guy! Great to have you, I see you're also from Dayton as well. Hope you find great success! Let me know if you want to connect!

Hey William,

First of all, it was fascinating to read about your story, it gives me even more motivation to achieve liftoff. Always good to hear from another Dayton investor! I'd be interested to hear more about your story and the details another time.

Anyways, going back to what you were saying. It sounds like you identified your ultimate goal of achieving financial freedom, now it comes down to how you're going to get there. Based on my own research and view on this subject, the idea of financial freedom is a hugely personal issue, and only you can figure out how to get there. This goes back to book, The One Thing, and the idea of the domino effect (not sure if you read it or not), but I'd recommend checking it out when you get a chance. Basically, there should be a lot of mini goals (dominoes) along the way for you to knock over which eventually leads to knocking over that ultimate goal. 
https://www.the1thing.com/blog/the-one-thing/use-the-domino-effect-to-crush-your-biggest-goal/

My personal vote is paying down your mortgages to build more equity in your homes as well as acquiring even more cash flow per month down the road, which may be in line on your financial freedom path of eventually having to work less because the cash flow will replace your W2 income.

I hope my perspective helps, and I would be interested to see what other people say. As @David M. said above, you're going to get lots of opinions on this subject!

For me, it would be financing that's my biggest hurdle. Right now we're taking the time during the Covid19 craziness just to pay down our debts and build up cash reserves. It's hard to predict what the markets (stock and real estate) will be like the rest of 2020, but for now our plans mostly consist of research, connecting, and building funds

I am staying around the Dayton area which seems promising, Columbus is going to be the next best thing (if it isn't already). On the real estate rookies podcast, there was just a very informative episode comparing the Cleveland vs Columbus markets which I found a great listen. I've also heard of people having reasonable success in the Toledo market

Hey Nate, hope you've been doing well among these crazy times. I'd love for more opportunities to connect and discuss more REI opportunities over this next year. Thanks again for all you do in the YFP community!!

Hey Eric,

Thanks for reaching out with some super friendly and helpful advice. It's going to be interesting the way I go about this, but I agree acquiring education will need to be the first step for her in getting past that initial fear.

Are there any specific episodes of the podcast you really recommend in this area? Also, I'll definitely have to check out that link you provided.

thanks!

Hey Nate! 

Glad to see you on here and glad I finally made it here as well! I feel I may be in the same boat you were. Next time we're on a good road trip together I'll definitely have to try having her listen to an episode or two. For me, it really is important that we be one the same page from the start before we go down the journey together.

Lets stay in touch!

Hello all,

I'm Calvin Anderson and I'm excited to be a part of the BP community!As the title suggests, I have a big fat zero experience in regards to real estate investing of all kinds, and that is why I'm here. 

I became interested in just about everything finances this past year after attending a continuing education/networking event in Columbus, OH for recent pharmacist grads. And yes, if that answers one of your questions, I currently practice pharmacy in the city of Troy, OH and graduated back in 2017 (which seems a long long time ago now). Anyways, this past January I attended a professional networking event that really opened me to the world of personal finance and to the goal in becoming financially free. This has led me down the path of reading various books, such as Rich Dad Poor Dad and 4 Hour Work-Week, as well as listening to various podcasts, such as Your Financial Pharmacist and of course Bigger Pockets. I feel that I've only scratched the surface in terms of real estate investing, and I came to the realization that real estate investing is a solid way to accumulate wealth and grow my assets column. Coming from a personal note, real estate investing will be a great avenue towards paying down my sizable student dept and act as an additional side hustly outside my "9-5."

I don't envision myself as becoming the next big shot by any means, but I personally feel that I'm in a good financial position to get started down this path and am prepared to do whatever it takes. Specifically within real estate, I am especially interested and becoming a landlord and renting out a couple properties (multi families yes please). Another aspect of real estate investing that has caught my attention is the rise of Fundrise and other similar eREITs.

Anyways, I appreciate your time reading through all of this and I am excited to learn, grow and apply as much as I can to get started. I'll leave with one question that is currently one of my obstacles in taking the next step: How do I convince my wife, who is very risk averse, that going down the real estate investing path is a smart move with our money?