Quote from @Raf Pinero:
Looking to connect with someone who has been there, done that, and can somewhat relate with my situation. I'll keep it concise:
- I'm 22yrs old, working in Commercial Real Estate Private Equity as an acquisitions analyst in NYC
- Ultimate goal is to invest in real estate and build up a RE holding business/portfolio.
- I have a strong financial & real estate specific foundation of knowledge (double-majored in finance/commercial real estate in college)
- I have a handful of select target markets where I've spotted outsized growth potential and low capital requirements, given I do not have much in savings.
My question is: What should I be doing??? I feel so eager/ready to start, but I don't have the capital ready to go yet. Should I be looking for partners with more capital? If you were in my shoes, what actions would you take to ensure that you can start investing in RE as soon as possible? As of right now I'm just saving up $$$ but that feels unnecessary given the amount of ways to get deals done with low/no money down. Would love to connect and hear the stories of how people started out on their journey.
It's strange really. I sit here literally knowing the feeling your having now and mine was just a year ago. To answer your question, I threated my life that if I didn't get the needle moving, I felt like my life would end. I had a date that no matter what happened in my life, I would meet my goal. Just one property by the end of the year .. It was September of last year. I read every book, podcast, ticktok video I could find. I was over saturated with real estate but no action. sooo... I refinanced my house, cashed out my 401k, I put it all on the line.. A calculated line. Many on BP won't attest to doing this and many don't have the risk tolerance. I just jump into things - probably why I have 65+ units now in under a year. Sure, it could've worked out, but.. What if? What if I can pull this off. I'm the guy who works out in my warehouse on a concrete floor listening to movitivaial clips turned into a movie - via imovie on your phone. I don't listen to music. I prepare my mindset 7 days a week - yes, workout 7 days a week - so my day is tunnel vision of what I want. A year has gone by and it still feels like I started. I grind my teeth, sometimes my hair falls out, back of neck is tense and I need massaging often from stress. Why?? because I have a goal and it's that important to me.. Nothing get's in my way.. I don't share my goals with anyone, I protect my mindset from everyone, even family. If you truly want this and not let it take a decade to get there, yes, in a year.. 1 year.. you could retire.. And no, I don't plan on retiring. And from what you've read so far.. You can imagine how far I want to go.. Lastly .. pretend you jump into the ocean, waves crashing into you. barely being able to grasp air.. You'll fight, do anything to stay afloat.. and.. You will because you want to survive.. Have the same mentality.. I promise you, you'll respond to someone a year from now and have tears rolling down your face just like I am now , reminiscing of the time when it was so difficult, yet.. so worth it..
