Member Introduction Seattle WA

[Joseph Banko]

Hi All,

My name is Joe Banko. I'm a 31 year old, outdoor loving, dog dad, licensed Professional Engineer, telecom construction manager, and I'm basically new to REI. I became obsessed with the idea of buying and holding rental properties like many people here - after reading Rich Dad, Poor Dad. I also went through a rough career transition which opened my eyes to what life is like without a bi-weekly paycheck. The experience has really motivated me to learn as much as possible about investing in assets. I listen to the BP podcast regularly and per Josh and Brandon's advice, I'm now attempting to be active in these forums.

To explain what I mean by "basically" new to REI:

I bought my first house in 2012 in Raleigh, NC, which is where I'm from.  I lived in the house for 2.5 years, made a few updates including HVAC and flooring, and sold the house for a nice a little profit in 2015.  

In 2015, I moved to Seattle with my fiance, where we have been renting since 2015.  I've been holding that little profit from that house this entire time with intentions to put it back into a primary residence.  However, as you all know, the market here is ridiculous.  We plan on staying here for at least another year, but I don't think I can wait that long without starting my new investing career.  

My goal is to be financially free and able to live anywhere, not confined to a market where my investments are.  I know it is highly recommended to live in the area where you invest, but this isn't in the cards right now.  

More specifically, my short-term goals are to find my first investment property, somewhere in the Southeast or Midwest, and get my feet wet!  I'm leaning towards Raleigh/Durham (because I do visit the area 2-3 times a year), Ohio, Texas, and Atlanta.    

Thank you!