Updated over 9 years ago on . Most recent reply
New Chemical Engineer in Baton Rouge
Hey everyone!
My name is Warren Hem. I grew up on the Mississippi gulf coast (Long Beach, MS), and recently graduated from Mississippi State in May 2015. I'm now working as a chemical engineer in Baton Rouge, Louisiana.
While I enjoy my job, the idea of being my own boss has always appealed to me. I discovered Mister Money Mustache and realized what is possible with money. After looking at a bunch of investment options, I noticed real estate had huge potential.
I have no real estate experience, but I've been doing a lot of reading. Buy and hold is very attractive to me. My long term real estate goals (~10 years) are to own enough properties to allow me to work from home by the time I have kids with my (hopefully!) soon to be fiance.
To reach this goal, I would need to cash flow $3500-$4000/month. My initial research has indicated that I will likely need 25-30 properties. More short term is I would like to buy 1-5 rental properties within the next year.
I look forward to being a part of the BiggerPockets community!
Most Popular Reply
Hello and welcome to BP @Warren Hem! I won't hold all that Mississippi stuff against you, all that matters is you're here now! ;-)
I encourage you to join the Baton Rouge REIA/The RING to start making connections with other investors in the local market. You can find it meetup.com/the-ring
I would like to hear about what type of properties you are looking for and what's your buying criteria? I'm usually a buy and hold investor, but I'm doing some wholesaling in the Baton Rouge market in the near term. I might come across properties you'll be interested in.