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Updated about 6 years ago on . Most recent reply

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13
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6
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Steven Nitschke
6
Votes |
13
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Where do I go from here??

Steven Nitschke
Posted

Hey guys(girls)

Let me start with a little background

>Im 23

>Live in SE Wisconsin

>Dropped out of College in 2015 because wasn’t sure my direction

>4 yrs working full time for family owned HVAC business (730-430 M-F)

-HIGHLY Interested in real estate and land development for 2-3 years

>Last year bought 2, 2-fam lots

-Built/sold 2, 2 fam condos

-Gained capital that I want to reinvest

>Just closed on my 3rd duplex lot going to begin building in May

>Just purchased my first rental property:(Hartford Wi duplex)

-Trying to diversify portfolio

-Paid 200k 10% down

-Rents 850 per side (thinking about upping rents, also want to incorporate a BRRR process)

This is currently where I’m at^. I’m basically at a point where I don’t want to stick my neck out too far while starting out, without proper knowledge/experience. Met with a few great people while networking and searching for mentors. Some suggest I go back to school to apply my current knowledge and build around that with some sort of business/real estate investing classes/courses/certificates/associates degrees.

I currently am reading books, forums, listening to BP podcasts daily trying to gain as much knowledge while still handling my “9-5” and also my portfolio I mentioned above.

I want to keep growing, but I don’t want to get ahead of myself, are there any degrees or programs that I can take to kind of get a better grip on analyzing markets, valuing assets, and gain other essential skills needed for a real estate investment career? At some point I’d be interested in getting my realtor license as well.

If you guys can provide me with any advice I’d really appreciate it. Keep buying rentals with capital and financing & diversifying & building my portfolio while learning on the fly or step back and sharpen some corners in my brain so I go at it with a more fundamental and knowledgeable approach??

Thank you & I love this page/BP community!!

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