Stamford, CT · Member since 2024 · 3 posts · 0 votes
Hi Everyone,
I’m Wesley, a 57-year-old entrepreneur originally from Brazil. I moved to the U.S. 10 years ago and have since started and sold four small businesses. Now, I’m curious about real estate investing.
I have some experience flipping a couple of houses, and although I have a ton of flaws, one of my strengths is being resourceful and assembling amazing teams—I’m always looking for people better than me at what they do— what seems to be a good fit for real estate.
If I commit to this path, my goal is to generate a net income of $300,000 per year by December 2030. I’m open to flipping, renting, or exploring other strategies.
My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US.
I’d love to connect with local pros who can share advice, experiences, or insights to help me get started. I’m also a big believer in giving back, so I hope to contribute to this community as well.
Looking forward to learning and connecting with you all!
What type of businesses did you do before. I would try to tie those experiences and skill sets to your REI path.
Work backwards from your $300,000 annual target to monthly say $25,000 per month. Then look at different REI to scale to that number.
Keep in mind most REI is a combination of monthly cashflow and appreciation. Recommend you go after both. You can always sale on your date and convert appreciation to monthly cashflow.
What type of businesses did you do before. I would try to tie those experiences and skill sets to your REI path.
Work backwards from your $300,000 annual target to monthly say $25,000 per month. Then look at different REI to scale to that number.
Keep in mind most REI is a combination of monthly cashflow and appreciation. Recommend you go after both. You can always sale on your date and convert appreciation to monthly cashflow.
Welcome @Wesley Peixoto! I highly recommend you start going to meetups. There is a good one in the Stamford area hosted by Brandon Chisholm. There are others from Brian Almeda, @Stephanie Cabral, @Brandon Rush, @Ryan Luby, @Devin Peterson and CTREIA. All of these are posted on our local real estate facebook groups.
In any of these events, you will meet like minded entrepreneurs who are also looking to grow. I attend many of them myself.
I'd be happy to connect. If interested, send me a DM.
Welcome @Wesley Peixoto! I highly recommend you start going to meetups. There is a good one in the Stamford area hosted by Brandon Chisholm. There are others from Brian Almeda, @Stephanie Cabral, @Brandon Rush, @Ryan Luby, @Devin Peterson and CTREIA. All of these are posted on our local real estate facebook groups.
In any of these events, you will meet like minded entrepreneurs who are also looking to grow. I attend many of them myself.
I'd be happy to connect. If interested, send me a DM.
What type of businesses did you do before. I would try to tie those experiences and skill sets to your REI path.
Work backwards from your $300,000 annual target to monthly say $25,000 per month. Then look at different REI to scale to that number.
Keep in mind most REI is a combination of monthly cashflow and appreciation. Recommend you go after both. You can always sale on your date and convert appreciation to monthly cashflow.
Hey Henry! I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products. At the end of the day, the backbone of every business is pretty much the same: you need a strong, committed team. And at the top, you need three key people: an artist (to deliver a great product), a manager (to keep things running smoothly), and an entrepreneur (to drive it forward). Plus, keeping things as simple as possible is always a win!
What type of businesses did you do before. I would try to tie those experiences and skill sets to your REI path.
Work backwards from your $300,000 annual target to monthly say $25,000 per month. Then look at different REI to scale to that number.
Keep in mind most REI is a combination of monthly cashflow and appreciation. Recommend you go after both. You can always sale on your date and convert appreciation to monthly cashflow.
Hey Henry! I was involved in a bunch of industries—from wellness and gyms to digital marketing and consumer products. At the end of the day, the backbone of every business is pretty much the same: you need a strong, committed team. And at the top, you need three key people: an artist (to deliver a great product), a manager (to keep things running smoothly), and an entrepreneur (to drive it forward). Plus, keeping things as simple as possible is always a win!
You might look at commercial. The value generator in commercial is the lease or use of the building. With your background get the building going. Lock in a renter then sale. You will need to scale up versus doing houses to hit your numbers.
network network network. anywhere there is one in your area go and meet someone and follow up is key after that. there are many good apps to find local RE events
Hi @Wesley Peixoto - I’m an agent based in Fairfield County, and I’d love the opportunity to connect with you. I’d be happy to have a conversation about the current inventory and investment opportunities in the area. We can also discuss which locations tend to command higher rents to help you achieve the best possible return on investment.
Let me know if you’d like to set up a time to chat—I look forward to connecting!