The Start and Progress of a Young North Carolina Entrepreneur!

The Start and Progress of a Young North Carolina Entrepreneur!

Investor · Raleigh, NC · Member since 2018 · 28 posts · 9 votes

Hello BiggerPockets Community and fellow Real Estate Addicts! 

My name is Jonathan Abbott. I am a recent college graduate in finance and economics (yay for a piece of paper) and reside in the good ole state of North Carolina. Since graduation in May, a corona-graduate, I was "lucky" enough to land a very well paying job here around the Raleigh-Durham area. Over the past few months, all of my worst fears and expectations of the day-to-day grind have proven true. But before I get to that I want to tell you all about myself and my purpose here on the BiggerPockets forums.

Real Estate has always been a passion of mine. My father, back in the 08 crash, saw an opportunity in real estate and begun building his business from the ground up. In doing so, he allowed me to watch, help, and learn from his mistakes, achievements, and see the overall outcome over the past 12-ish years. Today he has a nicely sized portfolio of high cash flow SFR's and still enjoys the occasional flip on the side. For me, witnessing this sparked a kind of entrepreneurship bug inside of me, molding me into becoming a passive income hungry individual. But what did I do? I went to college. And what does college teach you? How to work for your money, not take risk, and never make mistakes... Now I do not mean to devalue education, as it has opened my eyes to many concepts and helped me become a lifelong learner, but certain aspects about the process just do not resonate with me.

So now, after earning my degrees I did what any college graduate would do. I went out and got the 9-5 job and began climbing that corporate ladder. Two months in, I have realized that this strategy of success is simply not for me. The lack of control and inability to move up at the speed I desire just will not work. 

I guess that's enough of me blabbering on about how I came here today and time for me to explain my plans for the near future with both my BiggerPockets involvement and my future real estate endeavors. Over the past month I have started a marketing campaign in my area and am beginning to scale up to hit more people. I will be implementing wholesaling techniques as to acquire a portfolio of cash-flowing properties. Over the next few months I will be frequently updated this forum with my progress, what I've learned, and any deals that come across my desk. That being said I would also love to network with local real estate investors in the Raleigh area to learn more about the opportunities in this market. I implore any and all of you to post with your words of encouragement, wisdom, or simply to make a new connection. 

To close, I am excited to begin this journey and am even more excited to be able to share it with other like-minded individuals in hopes that I might build connections or even inspire others. 


Hello BiggerPockets and hello real estate investing! 


- Jonathan Abbott

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  • Ned CareyPro Member
    Moderator
    Investor · Baltimore, MD · Member since 2008 · 17k+ posts · 13k+ votes
    6y

    @Jonathan Abbott welcome to BP. you are lucky to be starting so young and to have a mentor to help you start out. 

  • Rental Property Investor · Woodbridge, VA · Member since 2015 · 75 posts · 68 votes
    6y

    @Jonathan Abbott

    Welcome to BP! It sounds like you bring so much to the table already and I wish you the absolute best in your real estate journey! I also identify with the aversion to the daily “grind” and look forward to the day I can step away as well! I am building the toolkit to jump into the investing market near Raleigh and would love to have you in my network if you are amenable! Again welcome and good luck!

    -Sean

  • Investor · Raleigh, NC · Member since 2014 · 104 posts · 112 votes
    6y

    @Jonathan Abbott as everyone else has said welcome to the community. Wish I came to your conclusion as fast as you with the corporate world isn’t for everyone. I would say the Raleigh has a good amount of meet ups that you should venture into. You will get to see some people that are making moves in the area.  I look forward to hearing about your success and let me know if there is anything I can help with. 

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