All Forum Posts by: Robin Smith

 Based on what you're describing, I think a mentor or advisor who focuses more on guiding you through the process rather than just teaching specific strategies could provide the most value. 

If you’re looking to invest long distance, I definitely recommend building your core-4 team. This team consists of an Investor Focused Agent, Lender, Contractor, and PM.

Read this article on the "core 4". It explains the team that you should develop to have a strong foundation under you while investing remotely. 

If you're scared to take the leap to get your first property, I'd advise making your first deal as low risk as possible. 

To me this means a 2-3 bd single family home in a high B / A area and saving a big emergency fund. Risks become less worrisome the bigger your emergency fund. You can easily self manage 1 property with Zillow and Excel. You certainly can have more robust systems, and probably should as you scale, but if you're looking for easy mode don't stress about it. Your realtor will do a lot of the acquisition hand holding you're looking for and BP and your local network can help with any concerns you have getting folks into the property and managing it, or you can hire a property manager to do it, albeit at 10-15% of gross and they won't do as good a job as you will. If it's the worst deal ever and you ruin everything, sell it and maybe you're out 5-20K. That's not a trivial amount of money, but it won't leave you on the streets when you're retirement age.

You got this! I feel confident after you do your first deal you'll be kicking yourself for not doing it sooner.

Congrats on your pre-retirement @Robin Smith !  A YT I like that's an 'early' teacher retiree is Happy On Monday.

Glad to have you! 

Congratulations on your next journey. Did you teach a particular grade as a teacher?

Thank you!!  

I teach college level  algebra and trigonometry to high school seniors at Louisiana School for the Blind.