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Updated over 7 years ago on . Most recent reply

User Stats

10
Posts
6
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Michael Papps
  • Investor
  • Norfolk, VA
6
Votes |
10
Posts

Newbie with 75k from Hampton Roads/ Norfolk, Va

Michael Papps
  • Investor
  • Norfolk, VA
Posted

I am Michael and I have been stacking paper for a few years to begin real estate investing. I have a full time job with the DOD and am in college as an accounting major. I joined BP because it seems to be an education and mentorship style site.

My Full schedule limits the amount of time I can commit to real estate and think I will do best with turnkey rentals. I prefer to pay with my own cash for the first few homes.

My goal is to cash flow 10k a month by the time I turn forty currently I am in my mid-twenties

If you were I what would you do? (Broad question on purpose)

Any advice is appreciated.

-Michael

Most Popular Reply

User Stats

764
Posts
952
Votes
Ivan Barratt
  • Investor
  • Indianapolis, IN
952
Votes |
764
Posts
Ivan Barratt
  • Investor
  • Indianapolis, IN
Replied

@Michael Papps congrats on stacking that paper! My advice: keep it in the bank right now and get more financial education.  Read/Listen to some books; not just podcasts.  Study people who've already achieved your goal. Also, may want to rethink your goal. Pick up 10x Rule by Grant Cardone and aim higher young man! :)

Also, be very selective when selecting mentors, authors, people with "advice" and so on.

Go get it!

  • Ivan Barratt

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