Burleson, TX · Member since 2019 · 12 posts · 2 votes
Hey everyone!
My name is Justin and I would like to first of all just say thank you for any and all advice I get from this post.
I am a former police officer and am using my retirement from that to invest. After taxes I'll have about $22,000 and was wondering where to start. I am brand new to REI and can't wait to get started but I just don't know where to start. I love the idea of BRRRR but have heard so many different things about that I'm not sure if it's right for me yet. I've also heard a lot about wholesaling but I'm not sure about that one either.
My goals are to have multiple rentals and ultimately end up on the commercial side.
So to sum it all up, where would you start if you had 20 grand?
First, I'd recommend you make a habit of going to local real estate networking events. As many as you can, maybe start with the goal of 2 a month.
Your purpose will be to meet people who have been successful in real estate, learn about what they did and where they came from.
Don't buy any coaching programs or products until you're totally committed to a particular path.
I give that recommendation because I don't think anyone can pick a strategy for you better than you can. Further, you're going to be more committed to a strategy you pick for yourself. But you can only pick a strategy once you know what's out there!
You're close enough to Fort Worth that there should be quite a few options near you.
Hi Justin, I think the best way to star is getting an education because you can lose $ 20k in a blink of an eye on real estate. I have been doing real estate and got my education with Renatus and I am part of the community of Investors all over the 50 states. There is one in Killeen, I don’t know how close is from your place. Let me know if you may be interested, to send you the address.