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All Forum Posts by: Jack Bailin

Jack Bailin has started 3 posts and replied 22 times.

Post: Newbie from New Haven, CT (Relocating to Austin, TX this fall)

Jack BailinPosted
  • Rental Property Investor
  • West Haven, CT
  • Posts 23
  • Votes 17

Thanks for the welcome @Gina Baker! So far in addition to Rich Dad I've read Landlording on Autopilot by Mike Butler, and The ABC's of Real Estate Investing by Ken McElroy. Landlording on Autopilot outlines some great systems to put in place for a more hassle free experience owning properties, but mostly from the point of view of someone who solely invests in single family. I'm not quite done with ABCs yet, but so far its really motivating. I'll let you know my review when I finish it up!

Post: Newbie from New Haven, CT (Relocating to Austin, TX this fall)

Jack BailinPosted
  • Rental Property Investor
  • West Haven, CT
  • Posts 23
  • Votes 17

Well I'll just jump right in! 

My name is Jacob "Jack" Bailin (nobody calls me Jacob but my grandmother, so Jack it is), and I'm completely brand new to the idea of real estate investing. I'm about to graduate with my Bachelor's in Physics at Southern Connecticut State University, and I have aspirations to find a job within the IT sector out in the Austin, TX area.

I was turned on to the idea of growing wealth through a real estate portfolio after I saw a YouTube video on how a 36 year old was able to retire while earning a very comfortable living through his real estate investments. I immediately started doing more research, and stumbled upon BiggerPockets. In addition to that, I went and bought a number of books related to entrepreneurship and real estate investing, and started plowing through them. I actually read Rich Dad, Poor Dad in one sitting one night, and I was sold.

While I will certainly pursue a career in the IT/Software Development industry for the next foreseeable future, I know for a fact that I do not want to work for someone else forever. I have a goal to be completely self employed through real estate by the time I am 36 (I'm 26 now). I have already begun practicing analyzing properties, so once I have some of my own money in the near future I will be comfortable learning a new market and crunching numbers on potential deals.

My current 6 month plan: Become gainfully employed in the Austin, TX area, and find a duplex or triplex to house hack as a start to the world of real estate investing. Until then, I am going to try to learn as much as I possibly can, so I will be ready to strike as soon as I am able.

I'm really excited to begin this journey, and I look forward to building some relationships with more experienced investors as well as other newbies out here on BP!

Cheers,

Jack