Newly Retired College Athlete looking for Deal #1

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Newly Retired College Athlete looking for Deal #1

Kate Reese
Member since 2020 · 8 posts · 5 votes

Hi Everyone! I am currently finishing up my MBA, which I was able to earn while playing my 5th year of college soccer. I previously worked for a private equity company, and completely fell in love with real estate. While I am working during the day, I have real estate podcasts (very often from bigger pockets), and much of my free time outside of work is dedicated to reading books, analyzing deals, and watching videos. I have an incredible passion to fully immerse myself in the passive real estate investing space. While my passion was once soccer, it has now transitioned into real estate. My goal is to utilize an FHA loan to do an owner-occupied house as my first deal, hopefully within a year.

I am excited to join BP and connect with investors who share the same drive and determination!

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Russell BrazilBusiness Member
Moderator
Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
6y
Originally posted by @Kate Reese:

Hi @Mitch Messer! I currently live in the DC area, so I am aiming to invest out of state. Right now I am most interested in Texas.

 Out of state investing adds risk to the equation. Newer investors are best served investing locally before they have experience. 

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  • Mitch Messer
    Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
    6y

    Hi @Kate Reese and welcome to BiggerPockets! You're definitely in the right place to find like-minded real estate maniacs...

    So, what geographic markets are you considering for Deal #1?

    0Reply
  • Kate Reese
    OP
    Member since 2020 · 8 posts · 5 votes
    6y

    Hi @Mitch Messer! I currently live in the DC area, so I am aiming to invest out of state. Right now I am most interested in Texas.

    0Reply
  • Mitch Messer
    Lender · Playa del Carmen, México · Member since 2014 · 2k+ posts · 1k+ votes
    6y

    @Kate Reese You and me both! I've fallen hard for some of the second- and third-tier Texas cities, like Lubbock and Amarillo and Waco, where there is plenty of solid growth and yet prices are still under control.

    We should compare notes: I'm living in New Mexico these days, so the Texas border is only 20 minutes away!

    0Reply
  • Andrew HoganPro Member
    Rental Property Investor · Indianapolis, IN · Member since 2016 · 560 posts · 463 votes
    6y

    Congrats Kate! It was a tough decision to discontinue my dream of being a professional athlete but after 4 years of competing on the D1 level, I was ready to channel my passion into providing for my future family. 

    I'd say to househack a small MF if at all possible. Keep networking and offer your skills to potential mentors. Work to learn right now - not to earn :) good luck

    0Reply
  • Russell BrazilBusiness Member
    Moderator
    Real Estate Agent · Washington, D.C. · Member since 2012 · 17k+ posts · 30k+ votes
    6y
    Originally posted by @Kate Reese:

    Hi @Mitch Messer! I currently live in the DC area, so I am aiming to invest out of state. Right now I am most interested in Texas.

     Out of state investing adds risk to the equation. Newer investors are best served investing locally before they have experience. 

    [email protected]301-893-4635Podcast Guest on Show #192
    District Invest Group545 Reviews
    WebsiteView Page
    2Reply
  • Kate Reese
    OP
    Member since 2020 · 8 posts · 5 votes
    6y
    Originally posted by @Andrew Hogan:

    Congrats Kate! It was a tough decision to discontinue my dream of being a professional athlete but after 4 years of competing on the D1 level, I was ready to channel my passion into providing for my future family. 

    I'd say to househack a small MF if at all possible. Keep networking and offer your skills to potential mentors. Work to learn right now - not to earn :) good luck

    Thank you Andrew! From what I've learned thus far that seems to be the best way to get into it!

    0Reply
  • Kate Reese
    OP
    Member since 2020 · 8 posts · 5 votes
    6y
    Originally posted by @Russell Brazil:
    Originally posted by @Kate Reese:

    Hi @Mitch Messer! I currently live in the DC area, so I am aiming to invest out of state. Right now I am most interested in Texas.

     Out of state investing adds risk to the equation. Newer investors are best served investing locally before they have experience. 

    Hi Russell. I anticipate my first property to be an owner-occupied multifamily, so If I do invest in Texas, I will also be there. I do see the value in investing locally if I opt out of an owner-occupied unit. I live in Potomac, MD, so If I move, it will likely be where my investment can go a bit further. 

    0Reply
  • Justin WindhamPro Member
    Banker · Nationwide · Member since 2015 · 4k+ posts · 1k+ votes
    6y

    @Kate Reese

    Welcome to Bigger Pockets!

    This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

    Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/pro

    If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/

    The site has quite a few tools that can be helpful for new members. I like the search features: https://www.biggerpockets.com/search

    0Reply
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