All Forum Posts by: Sean Portune

@James Fisher

Thanks for the perspective, do you invest in Morgantown or any of the surrounding areas?

@Mike Webb Thanks for the invite Mike! I can't make it this Thurs due to work but will be at the next earliest I can get there

@Aaron Poling That makes a lot of sense to zoom in and look at a particular area instead of an entire state

I've gotten a mortgage pre-approval and will be contacting realtors and property managers to get a better feel for the local market, it's a lot to think about and analyze at first but I'll just take it one step at a time

Unfortunately I'm traveling for work this week so most likely won't be able to make Thursday but will definitely be there when I'm in the area, do you meet every Thursday?

Hello There,

I have just moved to Morgantown, West Virginia and would love to connect with any other investors in the area.

I've been researching the market and this is what I've come up with so far, I'm still trying to decide if it is a good idea to invest in WV or maybe move up to PA or OH for better opportunities.

WV Market:

Pros

Small market - less competition

A lot of inventory

Opportunities to add value to homes (BRRRR)

(Relatively) low prices

College population (Morgantown)

Cons

Declining population in the state and most cities

High vacancy rates

High crime rates for low populations

Older Population

Depressed Job market, little growth

This is what I see overall but I imagine it is different within different cities and smaller markets in the state. Are there any WV investors out there on the forum, any insight would be greatly appreciated and it would be great to connect!

All the best,

Sean

Hi Everyone!

I am re-introducing myself since I have recently moved to Morgantown, West Virginia to relocate for work.

My name is Sean Portune, I am 23 years old and am just starting my real estate investing journey. I recently graduated college and started my career as a mechanical engineer and have recently decided that while I love my job I don't want to work for the rest of my life, and real estate investing makes the most sense to me in order to gain financial freedom before I turn 60.

I have been reading a ton of real estate books and discovered the bigger pockets book on rental property investing which gave me a great introduction to all the topics and possibilities in real estate. To get my journey started I figured out a goal and a plan to get there, so here it goes!

My goal is to obtain $70,000 in passive income with a long term buy and hold strategy withing the next 10 years.

I want to achieve this so that I can comfortably travel the world and gain life experiences, spend more time with friends and family, and pursue any other goals or interests without having to rely on a full time job.

I will focus on small multifamily properties and single family homes in the short term and possibly trade them in Monopoly boardgame style for a larger apartment complex in the future. I plan to by 1 property in year 1, 2 in year 2, 3 in year 3, and so on with a final goal of 10 properties paid in full all generating passive cash flow. Since I have a full time job I will start with traditional mortgages and use savings from my job as well as cashflow from the rentals to finance future properties with traditional or hard money lenders as my portfolio grows.

I'm extremely excited to see where this journey takes me, I look forward to connecting with you all here on the forums and learning as much as I can before jumping in head first!

All the best,

Sean 

Hi Everyone!

My name is Sean Portune, I am 23 years old and am just starting my real estate investing journey. I recently graduated college and started my career as a mechanical engineer and have recently decided that while I love my job I don't want to work for the rest of my life, and real estate investing makes the most sense to me in order to gain financial freedom before I turn 60.

I have been reading a ton of real estate books and discovered the bigger pockets book on rental property investing which gave me a great introduction to all the topics and possibilities in real estate. To get my journey started I figured out a goal and a plan to get there, so here it goes!

My goal is to obtain $70,000 in passive income with a long term buy and hold strategy withing the next 10 years.

I want to achieve this so that I can comfortably travel the world and gain life experiences, spend more time with friends and family, and pursue any other goals or interests without having to rely on a full time job. 

I will focus on small multifamily properties and single family homes in the short term and possibly trade them in Monopoly boardgame style for a larger apartment complex in the future. I plan to by 1 property in year 1, 2 in year 2, 3 in year 3, and so on with a final goal of 10 properties paid in full all generating passive cash flow. Since I have a full time job I will start with traditional mortgages and use savings from my job as well as cashflow from the rentals to finance future properties with traditional or hard money lenders as my portfolio grows.

I'm extremely excited to see where this journey takes me, I look forward to connecting with you all here on the forums and learning as much as I can before jumping in head first!

All the best,

Sean