All Forum Posts by: Chad B.

This is probably a long shot, but are there any members near the Fargo/Moorhead area?
I would love to find a experienced investor around this area that I could shadow and learn from.

Thanks for the great advice. As it stands now and taking in what you all have said, I think it would be smarter to not try to rush something in 18 months. I think a better idea would be to use that time to keep working, save money and continue to learn all that i can from books and this forum.
Thanks again.

First day with the site, just posted this in the introduce yourself section, but hopefully I will have some more luck here, I hope its ok to double post.

A little background:
I am 21 years old and will be graduating in one semester with a degree in Finance from North Dakota State University. I get great grades, but have always felt out of place in school and have had enough jobs working for other people to know that eventually, I want to work for myself.
My interest in real estate started when I was 18. My best friend purchased a run down house and I watched and helped him fix it up and in a few weeks time, turn a $15,000 profit. I was amazed that a few kids could make the same amount of money that it would have taken our peers years to make with their part time jobs.
Four years and tens of thousands of dollars later, I still found myself thinking of the flip we did a few years ago and how real estate investing was what I wanted to do with the rest of my life.
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Here is where I would appreciate some advice.
I would consider myself a little more knowledgeable than an absolute beginner, I have been a part of a flip, read a few real estate books (just finished Gary Kellers The Millionaire REI, which was one of the best beginner books I believe) and understand many things about finance and investing because of my Finance degree; however I understand that I have so much to learn.
I graduate in May (7 Months from now) and will be getting married to my high school sweetheart in August. We will be moving to the west coast from North Dakota in a year and a half for her to go to medical school.
I want to invest in at least one property before we move in 18 months but I don't know which is the correct way to go about it.
My idea is to pick up a small rental property, rent it out until my wife and I move and then fix it up a bit and sell it for hopefully a profit. (Fargo's real estate market has not suffered nearly as bad as a majority of the countries)
If you were in my shoes, 18 months until you move and wanting to get at least one property under your belt, how would you go about it?

A little more random facts that may help you understand me and help you give me some advice.
-My fiance 100% stands behind my decision and understands the risks involved.
-I currently have ~$12,000 in liquid capital, but do have a wedding this summer so there will be random expenses will come up (majority of the wedding is being paid for graciously by our parents)
-I do NOT have the full support of my parents, both of mine are successful, blue collar, 50 hour a week working people. I have been very fortunate to have the support of them in almost everything I have done in the past, however they would rather see me graduate and become just like them, working in corporate America, and that is not what I want.

Thank you so much

After being a long time lurker, I decided it was time to take the plunge and get the advice I need. I know it is a little long, but I would appreciate any input you could give me! :D
A little background:
I am 21 years old and will be graduating in one semester with a degree in Finance from North Dakota State University. I get great grades, but have always felt out of place in school and have had enough jobs working for other people to know that eventually, I want to work for myself.
My interest in real estate started when I was 18. My best friend purchased a run down house and I watched and helped him fix it up and in a few weeks time, turn a $15,000 profit. I was amazed that a few kids could make the same amount of money that it would have taken our peers years to make with their part time jobs.
Four years and tens of thousands of dollars later, I still found myself thinking of the flip we did a few years ago and how real estate investing was what I wanted to do with the rest of my life.
--------------------------------
Here is where I would appreciate some advice.
I would consider myself a little more knowledgeable than an absolute beginner, I have been a part of a flip, read a few real estate books (just finished Gary Kellers The Millionaire REI, which was one of the best beginner books I believe) and understand many things about finance and investing because of my Finance degree; however I understand that I have so much to learn.
I graduate in May (7 Months from now) and will be getting married to my high school sweetheart in August. We will be moving to the west coast from North Dakota in a year and a half for her to go to medical school.
I want to invest in at least one property before we move in 18 months but I don't know which is the correct way to go about it.
My idea is to pick up a small rental property, rent it out until my wife and I move and then fix it up a bit and sell it for hopefully a profit. (Fargo's real estate market has not suffered nearly as bad as a majority of the countries)
If you were in my shoes, 18 months until you move and wanting to get at least one property under your belt, how would you go about it?

A little more random facts that may help you understand me and help you give me some advice.
-My fiance 100% stands behind my decision and understands the risks involved.
-I currently have ~$12,000 in liquid capital, but do have a wedding this summer so there will be random expenses will come up (majority of the wedding is being paid for graciously by our parents)
-I do NOT have the full support of my parents, both of mine are successful, blue collar, 50 hour a week working people. I have been very fortunate to have the support of them in almost everything I have done in the past, however they would rather see me graduate and become just like them, working in corporate America, and that is not what I want.

Thank you so much