Brand New Member in the Wichita Community

Brand New Member in the Wichita Community

Wichita Kansas · Member since 2018 · 4 posts · 1 vote

Hello, my name is Thomas Hausfeld. I am 18 years old and just recently graduated from Bishop Carroll here in Wichita. Currently, I am enrolled in Wichita State University and am majoring in Industrial Engineering. Recently, I stumbled upon Rich Dad Poor Dad and opened my mind to purchasing assets and not liabilities. I have always wanted to follow an entrepreneurial route and have become very interested in real estate. For the past two weeks, I have been absorbing and absorbing information through books and the BP podcast and I think that it is time to take a little more action! Right now, I think that it would be a great idea to build up capitol through wholesaling and then use that capitol to fund buy and hold rental properties. My current goal is to do a deal before the end of this year and my bigger goal is to one day own 100 properties. All of this is subject to change once I have a better understanding of real estate and the community. Therefore, I am really excited to get to know local investors in the community at REIA events!

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Realtor · Marietta, GA · Member since 2018 · 50 posts · 23 votes
8y

Welcome to BP Thomas!

Rich Dad Poor Dad is an excellent book. Have you read any others? I'd be happy to suggest a few.

We have friends in the Wichita area and have considered investing there at some point in the future. Best advice I can give you now is to keep increasing your RE knowledge through books, podcasts, webinars, etc! AND make sure you stay in school so you can have that engineer W2 income as you'll need it to help you with financing in the future :)

Best of luck to you!

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  • Realtor · Marietta, GA · Member since 2018 · 50 posts · 23 votes
    8y

    Welcome to BP Thomas!

    Rich Dad Poor Dad is an excellent book. Have you read any others? I'd be happy to suggest a few.

    We have friends in the Wichita area and have considered investing there at some point in the future. Best advice I can give you now is to keep increasing your RE knowledge through books, podcasts, webinars, etc! AND make sure you stay in school so you can have that engineer W2 income as you'll need it to help you with financing in the future :)

    Best of luck to you!

  • Investor · Wichita, KS · Member since 2017 · 293 posts · 192 votes
    8y
    Thomas Hausfeld awesome you are getting started so early! There is a good community here that is open to giving advice. Best of luck to you!
  • Las Vegas, NV · Member since 2016 · 133 posts · 53 votes
    8y

    @Thomas Hausfeld welcome to BP. The best thing you have on your side is time! keep learning and take action.

  • Investor · Wichita, KS · Member since 2015 · 769 posts · 279 votes
    8y

    @Thomas Hausfeld welcome - have a few buddies that graduated from Bishop Caroll as well as my mother - but WAY before your time...ha - Take some RE classes as electives at WSU - they have some pretty good teachers - the head of the RE dept is a great guy - can learn lots from him and get a few doors opened if RE is what you're interested in.  Stanley Longhofer

  • Investor · Wichita, KS · Member since 2017 · 584 posts · 813 votes
    8y

    Welcome, nice to hear your ambitions. I do think @Taylar Caraway is right and you should stay in school. I invest in buy and hold rentals, but know I always have my degree(s) to fall back on in the event I do something dumb. :) Best of luck to you.

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