Driven and ambitous newbie and new Pro member from Playa del Rey

Driven and ambitous newbie and new Pro member from Playa del Rey

Ronnie S.Pro Member
Investor · Coeur d Alene, ID · Member since 2013 · 109 posts · 29 votes

HI BiggerPockets Team,

First off, let me tell you that I am truly excited to be here (officially) and be a Pro member here at Biggerpockets!

Oh…by the way…this is my first posting!

I have been reading BiggerPockets for several years now but recently decided to jump in feet first.

I am not a complete novice to Real Estate investing but I have a very long way to go in order to fulfill my dreams of giving my family the long term income and security they deserve.

I firmly believe that Real Estate along with a balanced portfolio of retirement accounts is the only way to go.

Real Estate has always been a passion of mine, to learn my craft and acquire as many income producing properties as possible.

As of recent and what really got me into high gear is that my first baby (girl) was born 8 months ago and I want to provide for her future unlike mine.

Now I have this new hunger, direction and priority in life and have decided to commit myself 100%

I know this is going to be a long process and am very ambitious and having a newborn is a powerful motivator to learn and create wealth for my wife and baby.

A little background on me…I am married and have a 8 month old baby girl. I graduated from college with a BA in Liberal studies and a minor in Communication. Professionally I have 19 years in Retail with over 8 year Store Operations Management experience and 11 years in corporate buying.

I am handy with rehabbing basics (my 2 condos) and professionally with corporate purchasing, project management andoptimizing operational flow.

Currently I own 2 condos and looking to add additional in or out of state cash flowing SFH and/or multifamily properties to our portfolio.

My primary strategy is buy and hold but I not opposed to flipping, wholesaling and would like to try tax liens. As I become more knowledgeable my plan may change but as of now I am positioned for a buy and hold strategy.

I am not opposed to investing outside of the state but am having a difficult time in finding the right area that is going to give me the best price-to-rent ratio.

My long term goal would be to work for myself and allow me and my wife the luxury and blessing to stay home so we can raise our baby…hopefully another one on the way in the not so distant future =)

My other long term goal would be to gain enough knowledge to become a major contributor to Biggerpockets.

However, in the meantime I still I still have to work my 9 to 5 job for at least the next 5 years until I acquire the knowledge and network to be a full time REI.

My short term goal would be to become a “Student of the Game” and to hopefully mentor under and add value to a seasoned local REI investor's business for free in return for their teachings, guidance and mentorship....this is priceless.

Until that day happens, I would not be opposed to changing jobs and going to work for a company that acquires and flips properties or wholesales in or out of state.

In order to attain my goals I have done the following:

* Read the Beginners Guide to Real Estate Investing

*Located 3 REI clubs based on testimonials and referrals.

*Listening to the Biggerpocket Podcasts (Podcasts 64, 60 and 54 rock!)

*Reading as much as I can here on Biggerpockets in between feedings and diaper    changes =)

I am hungry and driven to succeed for my family and myself!

I look forward to hearing your feedback and appreciate any and all advice and guidance.

Thank you,

Ronnie

2Reply
13 views

8 Replies

Jump to latestLatest
  • Investor · Fair Lawn, NJ · Member since 2014 · 384 posts · 189 votes
    12y

    welcome @Ronnie S. , as you are so deeply in already I can only remind you of the "QUICKTIP!!!" (@Joshua D.  you guys really should have a little icon for that, maybe one that signs out) to add a picture. It will increase the amount of interactions you'll have here on BP.

  • Real Estate Investor · Santa Monica, CA · Member since 2014 · 199 posts · 32 votes
    12y

    Hey @Ronnie S. welcome to BP! I love the goals you've laid out and I think you're on the right track! If you find a cool local meet up I'd be interested in joining. 

  • Investor · Arlington, VA · Member since 2012 · 1k+ posts · 491 votes
    12y

    @Ronnie S. , welcome to BP!  I know you've been lurking for awhile, but congrats on taking the step to introduce yourself is huge.  I've found that by interacting with the community at large is the best way to truely ingrain the lessons offered here, aside of course by actually getting a deal. 

    You have some really good goals lined up.  Now it's time to take them and find that first deal!  Good luck! 

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Ronnie S.

    Welcome. Time to build the legacy and foundation below.

    Two Great reads, I bought both J. Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbook

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and all the cash buyers (rehabbers) you will need.

    You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

    Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

    http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

    Good luck

    Paul

  • Dave VisayaPro Member
    Moderator
    Audio Engineer and Investor · Cebu City, Cebu · Member since 2013 · 7k+ posts · 881 votes
    12y

    Hey @Ronnie S. welcome to the site! It's great that you made the most of your account and went pro. if you like you can check out this page to get to know more about how to use biggerpockets.com: http://www.biggerpockets.com/tour.

    See you around the site!

    BiggerPockets
  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Ronnie S. welcome to the site! It's great to have you and you should definitely jump in the community here. 

  • Investor · Valparaiso, FL · Member since 2014 · 374 posts · 76 votes
    12y

    Hey @Ronnie S. welcome to the community, I think you will find some really great people to connect with here.

    Paul


  • Ronnie S.Pro Member
    OP
    Investor · Coeur d Alene, ID · Member since 2013 · 109 posts · 29 votes
    12y

    Hi Team,

    Thanks for all the advice and encouragement!!

    I will ask as many questions as I can and look forward to more great responses.

    Thanks again,

    Ronnie

Join the conversationCreate a free account to reply, vote on answers and follow this thread.