Week 11 | Strategy change

This past week I skipped the Deal Makers subgroup because of a previous commitments.  Will definitely make it this week.  I had a conversation with a young investor, who've learned a ton from just observing active investors discuss and critique their deals.  

I've been reading a book by several contributors called HOLD.  It's been very straight forward and easy to read.  I've been learning how to find and buy rental properties to hold. Previously, I was pursuing the BRRRR strategy to acquiring rental properties. However, I've been running into a lot of really good deals that have cash offers. I don't have all cash!!!

We sat down with our agent and discussed a pivot.  Yes I said "we" because my wife is finally getting it.  She's reading Rich Dad Poor Dad.  Recently she told me that she feels like she's in the position of the "poor" tied to a job mentality.  She understands more now the importance of making money work for us.  So yes, WE met with our agent.  We solidified which areas we are going to focus on.  I decided that we will look for rentals that require little money to get rent ready.  The search continues.  

This week, I'll go to the deal makers group and get some more advise from the investors there.  My mentor recently purchased a new property.  Tomorrow we will be getting together.  I'll pass this idea by him and then volunteer to work for him.  Can't wait to get my first property!!!