Newbie Advice on taking Action

9 Replies

I have actively been saving and have 25k to put down on my first property...  I currently live with low expenses only pay around $1300 a month.  I have a steady salaried income and have spent a lot of time driving for dollars and running numbers in the Mooresville, NC and Charlotte, NC market ( any rental owners in the area, realtors, property management please feel free to message...  I would love to expand my network) 

I feel this area is an excellent investment for a young 24 year old and I would like to begin my first Brrrr...

But there's a spin I have been doing well in my sales position and my territory covers the entire West Coast.  Fortunately, I am close to the Charlotte airport and can commute.  I would say on an average year I will be traveling approximately 1 week a month...  I want to take action and not continue to sit on the sidelines but would like to hear from others that might have been in similar situations in the past.  I have strongly considered looking in West coast markets but have lower knowledge of the areas. But I feel if the success continues that when I want to settle down with a family I may want to relocate somewhere out West.

Thank you for reading my post.  Any of your advice will be greatly appreciated 

@Noah Fenerty I am in the exact same spot as you! For me personally, it feels like the first property is a MASSIVE leap! I keep hearing over and over that after the fear of the first deal is done, the proof of concept kicks in and things are much easier! Good luck and keep us posted!

@Corey Frank

Soon you will be buying deals without even thinking twice about it when the numbers work for you and your team! How exciting is it to know your first purchase is very close and all you have to do is make that leap? Easier said than done right? You are absolutely correct when you stated: "the proof of concept kicks in and things are much easier!"

Good Luck on your search and Real Estate Journey, sir! 

Originally posted by @Corey Frank :

@Noah Fenerty I am in the exact same spot as you! For me personally, it feels like the first property is a MASSIVE leap! I keep hearing over and over that after the fear of the first deal is done, the proof of concept kicks in and things are much easier! Good luck and keep us posted!

Thank you Corey!  I will definitely keep you posted...  If I’m in Wyoming with my fly rod you’ll have to help me locate some trout!  Lol 

Originally posted by @Davartay Miller :

@Corey Frank

Soon you will be buying deals without even thinking twice about it when the numbers work for you and your team! How exciting is it to know your first purchase is very close and all you have to do is make that leap? Easier said than done right? You are absolutely correct when you stated: "the proof of concept kicks in and things are much easier!"

Good Luck on your search and Real Estate Journey, sir! 

Thank you for the positive comments!  Looking forward to the journey!