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All Forum Posts by: Jeremy Bourgeois

Jeremy Bourgeois has started 12 posts and replied 58 times.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@Will Barnard thanks for the insight Will!

There’s a lot of pieces that I was missing it seems. Glad I came to the forums and asked about it. I’m sure that alone will save me a lot of time and headaches. Might as well get started now I suppose!

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@Will Barnard thanks Will! I was just actually reading about your business last week in the book on Investing in Real Estate with No and low Money Down.

I couldn’t agree with you more! I’m spending my time this year reading up on the subject, listening to the podcasts, and trying to network with other investors. Preferably if they’re more experienced than I am (since I have no experience at all)

Since I will be attending classes in the Fall of 2020, I was going to wait to analyze potential properties till about March of next year. And then sometime in July but my first property, move in, and prepare it for the coming school year in September.

Does this seem like a feasible plan or am I missing anything?

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@Dave Foster I actually never gave thought to the 1031 in regards to moving after college that’s a great idea!

As far as getting into my first property before leaving the service I’m not sure if it’s totally feasible seeing as how I only have a few months left and I will then be moving across the country. But I think house hacking is definitely the strategy I will be using. At least at first while I’m attending college.

Also the GI bill grants you a monthly housing allowance while attending college. It varies by area code how much you will get per month (in my case about $2,700) and I would hope that would help my ability to finance conventionally at first, as well as reinvesting the money from the GI bill into future investments.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@John Fortes thanks John! I definitely understand what you’re saying about working backwards from the end goal and I think I need to do that. Time is definitely the biggest thing! But that being said I think I will have enough of it outside of school to be able to actively invest but definitely slowly at first. I really appreciate the feedback everyone is giving, I was a little stuck in my head while trying to work my way around this.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@Alina Trigub thank you! Great article by the way. I think my approach would be something like a hybrid of active and passive investing. House hacking but once I move on from the first property having a property manager run the day to day on the previous used ones.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@David Pere sounds great David! I’ll see you there. I appreciate the invitation and I will be there.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

@Simcha Davidman that helped a lot thank you! I’ve actually thought about house hacking before the only thing that bugs me is that where I will be going to college will only be a temporary location for me but I guess that is where the property manager comes into play.

Post: Looking for advice from experienced investors

Jeremy BourgeoisPosted
  • Contractor
  • Putnam, CT
  • Posts 59
  • Votes 20

Over the past 6 months or so I’ve become very interested in the real estate business. At the end of this year my term with the Marine Corps will come to an end and that is where I wanted to start my investing journey. In preparation I have paid off my debt, saved around $25,000 and started reading up on the subject. However, once I leave the military I plan on being a full time college student and don’t foresee myself having a lot of extra time on my hands to be able to devote to a rental property or house flipping business, which were my original ideas to start in. So I’ve been thinking of hold off it until after my schooling is complete. Any advice would be highly appreciated.