Newbie from Carlsbad, California
Hello BP community! I have been lurking around the BP site for several months now without properly introducing myself. I finally decided to formally introduce myself to the Forums. I am a high school special education teacher in San Marcos, California. Due to recent life changes and events, I have rekindled my passion for investing. It all started with "Rich Dad, Poor Dad." A fire was lit after reading that book...
Since finishing that book, I've spent the last 6 months reading, researching, and studying real estate investing; Now it's time to get into action! I am looking to invest out of State, using the BRRRR and Fix and Flip strategies. I have contacts in the Midwest that make that area quite attractive for me. I have a local California lender who remains a good friend and has been helpful with getting me pre-qualified for traditional lending. In addition, I have established several partners who are ready to join me in deals around the country.
Here are some of my immediate real estate investing goals:
-Buy 2 SFH, or 1 Duplex that yields a total of $400 CF in Hamilton County, Indiana by 12/31/18.
-Complete 2 profitable Fix and Flips in Marion County, Indiana that yields a total of $30k 12/31/18.
-Form an LLC
Here are some of my long term goals (The Why):
-Accumulate $1M in net worth through assets by December 2025.
-Acquire $6K in passive income per month through Rentals, Notes, Lending, etc... by December 2025.
-Have the option to quit my W2 job if desired by December 2025
Thank you for reading through my New Member Introduction. I look forward to interacting with the BP community more consistently. The amount of information and resources on this site has been extremely helpful for me and my real estate ventures. Now let's go make some deals happen!
Stephen