My name is Sam. I am a student trying to get into nursing program. I love Real Estate. Actually, I used to be an assistant cost estimator for construction projects. My dream is to have rental properties (Single or multi families, apartments etc) I think it is a better way to become a millionaire and achieve financial freedom. I still have a lot to learn and sometimes I feel like I wanna give up as I see it as a big dream. I hope this forum will give me some enlightenments and connections that can help to achieve my goals.
Sam, welcome to BP. You just found the treasure trove of real estate investing info. Everything you need to gain confidence, and begin taking steps towards financial freedom can be found within this site. Do alot of reading, take notes, watch the webinars and podcasts when you have time..... and dont hesitate to reach out to people and ask questions or engage in conversation. were all here for similar reasons.
Sam, welcome to BP. You just found the treasure trove of real estate investing info. Everything you need to gain confidence, and begin taking steps towards financial freedom can be found within this site. Do alot of reading, take notes, watch the webinars and podcasts when you have time..... and dont hesitate to reach out to people and ask questions or engage in conversation. were all here for similar reasons.
Sam! I am a Nurse and I also love that field! My husband and I bought our first property in 2006, and it was the best thing I ever did! Your path may be different from ours, but house hacking a multi- unit would be a good way to get started. We started house hacking and lived in a couple homes to get our first few. I have also always had a passion for real estate. It took me years of perusing the MLS like people do with facebook for me to figure that out, and both nursing and real estate have blessed my life. Best of luck! I am always happy to help if you have questions!
1) Educate yourself. Forums, Podcasts, books, Youtube. Eat sleep breathe Real Estate. Get to know the lingo. Get to know your market, whats the median price, what's considered a 'deal'? What's the rents like? etc.
2) Network. Find others around you here on BP. Take them out to lunch, coffee. Pick their brains, their successes and their failures
3) Take Action: Save capital, evaluate deals. And once you've saved enough, find a deal and get it. Ask yourself how you can get the deal done, plan and execute.
The take action part is the toughest, but it is also the most rewarding! Plan, plan, and plan again. RE is a marathon, so take your time, and enjoy the views!
@Sam Kubwimana I would say to take advantage of a lucrative career that offers flexibility in where you live and make that part of your competitive advantage. Maybe you do a house hack with other nurses on opposite shifts so you aren't even in the space that often at the same time. Or you move to a great rental market and buy there while nursing. Maybe you work OT and save every OT check for downpayments. This was part of my plan as I got started. It worked. If you really want it, you need to abolish the idea of giving up from your mind now. Otherwise you'll give up when things get a little tough but money is on the line. The first deal is the hardest. Reading and educating yourself is part of investing in yourself. This is valid as long as it leads to action. This stuff works. Stay the course.
Thanks to everyone who took time to answer my questions I had about this endeavor. I really gained a lot from all you said. I am going to practice everything and stay in contact with many of people interested in RE as I can. My goal is to have a rental property in two years from now. I dont how much or where or what it will be. Only God knows!