newbie investing question moving pretty fast covid worrys
Nice to meet you bigger pockets!
In college for accounting right now. Young and hungry bigger pockets has inspired my so much!
I am currently a very very new landord. I baught my first househack about 8 months ago. Rent covers mortgage tax insurance and alittle bit of
utilitys.
here is my introduction story I hear so many people tell these so I figured ill throw this in here as well before the question.
for the longest time I was a victum, then one day somthing clicked I decided to live in the ghetto to save. never the less, this did not work.
I got chased out by a drug dealer with a broken car windows and all tail between my legs and life in danger
I had a decision to make. I could give up and find a place to rent but sacrifice my ability to save and move forward with my dreams,
or I could grit my teeth and allow my pain to push me. so in that moment i decided in the fall in milwaukee,
to live in my car and bear it out while i saved with my fiance. I remember I would go to bed and it was a negative tempurature, I remember
the -50 degree polar vortex, every night I went to bed I while taking the neccisary precautions stared back at death as a dare, I dared it to
take me before I accomplished what I felt I was here to do. and it only took a year. between the savings of me and my fiance had allready
within one year we had saved almost 100k. We found a great b plus neighborhood and baught a duplex that cashflowed day one and allready
from rent increases houshacking everything is covered. This is my story so far and I wanted everyone on bigger pockets to know that it was all
of your success storys that made me push so hard to achieve the dreams I have and your storys and my vision of who I will be will continue to
push me.
So on to my question after my introduction for my first post. Me and my fiance now save about 4400 every month I have strategic areas I
want to invest in and in those areas I would probably be able to get 2 duplexes a year. More once I am done with college and into my career
as a cpa making the real dollas. However, learning how to be a landlord/property manager; taking 20 credits a semester
which is now 2 times the work load and online as well as working 20 hours a week all while trying to successfully juggle a relationship is very
taxing and exhausting. It is making me think mainly due to this corona virus should I wait this out save my cash and buy after school is done
and I am solid into the accounting field and my first job. Or should I just white knuckle it and dollar cost avarage into this? Just keep doing
what I have been and beat the crap out of life for just looking at me wrong. This savings rate is very sustainable for a long term assuming
we dont have children any time soon if that changes any consideration into your answers.
thank you for your time bigger pockets!!
warm regards.