Hi All,
I am a 29-year-old working a W2 job that pays well. I am planning on being married in the next year and a half and my partner and I are currently saving up money so that we can start investing in real estate, we are targeting fall of next year to start and should be able to have $80,000-$85,000 to invest. We plan to move to the Raleigh area which is where we will start investing. Our ultimate goal is to acquire properties to reach financial freedom within a decade of starting to invest. We want to reach financial freedom so that we can have more freedom with our time and pursue passion projects that may not be as lucrative as our jobs we currently have and to be able to spend more time with family and friends while we are younger.
Now that you have that background, here is where I need some guidance. I am very eager to start taking action and learning but live in a high cost of living market (Boston) currently and for several reasons (need to save more, move to lower cost of living place etc.) will not be able to start for at least 1.5 years.
I would like to start learning by doing. I think wholesaling would be a great way for me to start working in the industry and accumulate capital so that we have more to invest when we are ready. I am very key on learning multiple ways to exit though. I would like to be to use subto, seller finance, and the traditional way (get under contract below MV and simply assign).
I see two ways of attacking this:
- Paid mentorship/training
- Teach myself (YouTube videos, Reading, Trail by Fire basically)
I am leaning towards the paid option because I do have the capital to pay for a program. Would even be willing to do something that is pricey if it's worth it. The reason I am leaning this way is because I have money but not the time (probably can only commit 10-15 hours a week) since I want to keep my W2 job.
I have been leaning towards Pace Morby's Subto community, but it seems very pricey, and I question if I need to pay that much money. I am wondering if there are other programs out there that can give me the knowledge for subto, seller financing, and wholesaling. Or, if there are other ways of approaching this all together. Open to ideas!
Please keep in mind that I am still very new to real estate and have limited time right now. I appreciate any help anyone could provide!
Best,
Eric
