Brand new and looking for guidance.

[Reed Lederman]

Hey all, 

I should start by saying I am a full time dentist and dad to an almost 1 year old son, so to say I have my hands full would be an understatement. I manage and own my dental practice, and dad duties at home have me pretty busy.  I am looking for a mentor, or mentors to help guide me through my  first investment process. 

I am not a complete rookie, as I have experience observing and working alongside my parents in both long and short term rentals. I am however interested in different areas of investing that what I currently have experience with. As my life is only going to continue to get busier I am looking for very passive forms of real estate investing and after searching through the forums I have identified that I am likely interested in out of state, property managed, in a Class B neighborhood. I have interest in the BRRRR method but am afraid with my current schedule, lack the time to truly make it successful. I don't like half-assing anything.

I am looking for any advice those with much more experience than I are willing to share. Thank you all in advance. 

Reed

[Melissa Justice]

@Reed Lederman, First off, huge respect to you for balancing a dental practice, fatherhood, and now diving into real estate investing—your plate is definitely full, and it sounds like you’re approaching this with the right mindset. Given your limited time and desire for a more passive approach, you’re absolutely on the right track looking into out-of-state, property-managed rentals in Class B neighborhoods. They tend to offer a great balance of stability and cash flow. Since you already have some foundational experience through your parents, you’re ahead of many first-timers. If BRRRR interests you but you’re concerned about the time commitment (rightfully so), you might consider a more turnkey route for your first couple of deals—ideally in markets where the property manager, lender, and contractor are all aligned. That way, you can learn the systems and build confidence without spreading yourself too thin. I’d be happy to share what I’ve learned from my own investing journey and help you navigate your first deal. Wishing you the best on this next chapter! Melissa Justice Investment Strategist at Rent to Retirement