Hello [BP] world,
My name is Mike. I am an aspiring investor from the NW Chicago suburbs. I'm 29, have a background in finance, a day job I enjoy, and currently have zero real estate experience. I have, however, been really inspired by some of the stories that have been shared throughout the forums and on multiple podcasts, and have decided to lay out my goals (I figured this would be as good a place as any).
Real Estate Goals:
1) Devote 3 hours per day learning and absorbing as much as possible from as many sources as possible. Reading books and blogs, interacting with other investors/mentors (both local and not)
2) Research and purchase my first rental property within 3 months (with a preference for a duplex or triplex hack)
3) Generate a smart portfolio of rental properties that reaches $5,000 in monthly cash flow within five years.
4) Achieve a net worth of seven figures through organic real estate portfolio equity (ongoing).
Life Goals:
1) Lose 20lbs before February 1st (Thanksgiving has lit a proverbial fire under me)
2) Improve my softball swing during the winter in preparation for next season
3) Ski Jackson Hole within the next 3 seasons (it's next on my hitlist)
4) Achieve a comfortable living with a satisfying work/life balance (this is vague, I know, but I believe this vision will become clearer if I know at least what direction I'm steering)
I appreciate any and all input, any stories, wisdom, pitfalls, triumphs, critiques, and opinions as I set off (and throughout) my journey. Thank you to the creators of the site, and all the community members I will have the pleasure of interacting with in the future! I can't wait to get started.
-Mike
