Hello everyone, I'm a new investor from St. Louis, Mo. I currently have 1 door which was my old house that I moved out of, but researching the process of leasing it out led me to bigger pockets and now I am hooked. I'm currently in the process of laying the groundwork to begin investing by saving a little more cash, getting an attorney and CPA, and devouring podcasts and books.
I'm new to real estate but I have been doing project management, contractor management, and engineering for 8 years. I also have an MBA and am a certified Project Management Professional so a lot of the challenges here are not new to me. I have managed projects as large as $11M with up to 45 contractors under me at a time.
My long term plan is to replace my W-2 income plus 50% by age 40 (32 now) and then retire and go back to school for architecture to work for myself in real estate. I will do this by flipping houses to generate cash to acquire buy and hold multi families with value add opportunity. Very long term plan is to take on some of the beautiful 100+ year old brick buildings in St. Louis and transform them to meet modern needs while preserving their historic beauty.
While I'm still planning and saving, I am also anxious to jump in. If there is something I can do for you let me know. I would love to partner with an experienced out of town investor and work as a project manager for you. Or if you need something simple like someone to drive by a property or scope out a block to see what it looks like hit me up!
@Gregory J. As a fellow engineer in the RE game, welcome to BP man!
@Gregory J. - send me a PM to discuss further to see if we have a fit. I too am an engineer and went the CM route
Welcome aboard! I'm still working a year later to get through all these podcast from when I started. I waited 7 years from when I bought my house as a potential good rental, to move out and rent it. Since this last year of podcasting and education, we have rented that house, and another purchased we remodeled in the last 6 months; we're now considering renting the loft to our new house. My goals are much the same as you mention; although for now I've been focused on the metro east of St. Louis near the Air Force base.
hello @Gregory J.
welcome to BP! Lots of great content over here. I am a real estate investor of multi-family in the midwest. Ill be traveling to Indianapolis/Saint Louis July 7th-17th to further check on a project we have going on, be part of an event in Indy and continue to network. We are also looking for project managers in the saint louis area. Will be happy to connect!
Hi @Gregory J. , welcome to BP, its great seeing fellow Engineers and PMPs getting started in Real Estate. Good luck with your goals, I'm sure we'll cross paths sometime in the Lou.
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