All Forum Posts by: Ken Klatt

Thank you for the response Bryan Otteson ! I agree that the strategy has a short-term view and spending so much money on a trip (or anything that's not an asset) does not seem wise. My biggest issues are the lack of flexibility an investment in RE can cause and the time it will take to build up a portfolio to fund traveling, therefore prolonging the time when I can start to travel. Don't get me wrong, there are definitely RE investment strategies out there that offer flexibility and speedy returns, but I don't think as a new investor with limited cash they are as available to me. (If there are strategies like that, I'd enjoy learning more about them). Thank you again for the post, you've really got my mind thinking of this is the best strategy for me in the long run.

Welcome to BP Rachelle Ford ! I am a beginning RE invester in the northwest Ohio area as well. Are you looking for properties in markets anywhere in the region or in specific neighborhoods or cities? The markets, except maybe parts of Perrysburg and Maumee, don't appreciate much in NW Ohio so make sure you check your numbers carefully and don't rely on any appreciation!

Thank you for the response Bryan! I agree that the strategy has a short-term view and spending so much money on a trip (or anything that's not an asset) does not seem wise. My biggest issues are the lack of flexibility an investment in RE can cause and the time it will take to build up a portfolio to fund traveling, therefore prolonging the time when I can start to travel. Don't get me wrong, there are definitely RE investment strategies out there that offer flexibility and speedy returns, but I don't think as a new investor with limited cash they are as available to me. (If there are strategies like that, I'd enjoy learning more about them). Thank you again for the post, you've really got my mind thinking of this is the best strategy for me in the long run.

My real estate goals have been put on hold. Recently I was saving up money to put a down payment on a Residential Multi-Family through an FHA or conventional loan near where I currently live and work so eventually I wouldn't have need for a regular 9-5 job. Sounds fairly typical right?

But honestly, I don't like where I live or work. So I came to the realization I didn't want to invest into a property in that area that would tie me there or cause me to return to it.

While I was coming to this realization, I was also forming a new goal outside of real estate investing and that was traveling.

My new goal is to use the money I was putting towards a down payment of a property towards traveling abroad for a year or so. While building these funds though, I want to continue to build my Real Estate knowledge, preferably with real world experience.

Without investing into properties myself, I would like to know what jobs are out there for a young professional that will benefit my real estate career?

I have done some initial research and found jobs such as, property analysis and acquisition at major property management companies, site selection departments for corporations and government agencies,  mortgage writer for banks, an appraiser, real estate agent, and working as a sales rep at a brokerage firm.

I would welcome any other ideas, and comments on the jobs I listed and how maybe through your experiences, they were helpful (or harmful) to your real estate investing career.

@jameswise thank you sir!

Hello All!

My name is Ken Klatt and I live in a small village outside of Tiffin, OH and am originally from Columbus (Go Bucks!).

I am 23, brand new to real estate and began my journey to BP after looking at Brandon Turner's blog, realestateinyourtwenties.com. I was fascinated by the potential to create passive income and retire early!

I am in the knowledge stage of my investment journey reading thus far "Rich Dad Poor Dad" and "The Unofficial Guide to Real Estate Investing"  with many, many more books to go. I am also listening to a podcast-a-day, while in my car, of the BP Podcast. I plan to make my first investment buy June of this year (when my lease is up in my apartment).

I am excited to join the great community that is Bigger Pockets and look forward to the knowledge and connections I will gain!

Thank you for your time!