My name is Patrick Watson, I live in the panhandle of West Virginia. Ive lived in multiple areas of the country, most recently Maryland. Ive seen so many sweet deals over the years, passed on all of them. Not really fear that kept me away, just caution. I’m ready to throw caution to the wind now!
Been wanting to invest for, geez, twenty years. Typical procrastinator. Had an entrepreneurial career, a family, went back to school to get a masters degree (in project management, so that’s helpful). Now I’m working as a project manager at one of the world’s largest auto manufacturers.
I find myself hating my job and where I am in life. I think back to a deal I never pulled the trigger on many years ago, a rental. It would be paid off now and have enormous cash flow. I no longer want to pass up these opportunities.
I have the ability to invest in a large farm area, Maryland, Virginia, West Virginia, Pennsylvania, and maybe even Ohio due to where I live. I’m at a point in life where I can quit my job (want to every day!) and dedicate all of my time and effort towards my business, Twinpoint. The name comes from my love of blacksmithing and the fact I have 2 sets of twins. It’s for those kids I have a stronger desire than ever for financial independence. Can you imagine 4 kids at one time in college? All wanting cars at the same time? In my current financial situation. That will be a burden, I have 8 years to get my situation straight!
I plan to start with flips then move into buy and hold and be a landlord. I have actually held a few mobile homes in Alabama ( many years ago) but made little compared to the frustration, so that chased me away. I’ve been reading (thanks for all of the wonderful posts everyone!) and realize that being a landlord doesn’t have to be stressful. I am 46 and have a short timeline to get to success. I plan on using property management firms to manage my holdings and maximize my portfolio. My goal this year is to flip 4 houses, to build up my funds, then Use the money to start buying duplexes and triplexes on my area.
I welcome any advice, as only a foolish man refuses wisdom from someone who has already traveled down the road I want to be on.