Hi, Thought I would introduce myself with a question.
I am located in Jacksonville, FL and decided to start flipping houses, getting into rentals a little down the road after I get my feet wet. My business allows me plenty of free time and my wife is a realtor, so I feel like I have a great opportunity ahead.
What was your first step to being a realtor investor, what mental hurdle did you overcome to finally take the plunge and purchase that first home?
Hi, Thought I would introduce myself with a question.
I am located in Jacksonville, FL and decided to start flipping houses, getting into rentals a little down the road after I get my feet wet. My business allows me plenty of free time and my wife is a realtor, so I feel like I have a great opportunity ahead.
What was your first step to being a realtor investor, what mental hurdle did you overcome to finally take the plunge and purchase that first home?
Get past the voices, investing in my first duplex my sophmore year at OSU in Columbus
-Parents "That seems very reisky"
-Realtor "its not a homerun but its a start"
-Friends "I invest in the stock market and it doesnt require that much work"
3 years later my duplex appraised for $300k more then what I bought it for and cash flows $1,800/month!
Hi, Thought I would introduce myself with a question.
I am located in Jacksonville, FL and decided to start flipping houses, getting into rentals a little down the road after I get my feet wet. My business allows me plenty of free time and my wife is a realtor, so I feel like I have a great opportunity ahead.
What was your first step to being a realtor investor, what mental hurdle did you overcome to finally take the plunge and purchase that first home?
Get past the voices, investing in my first duplex my sophmore year at OSU in Columbus
-Parents "That seems very reisky"
-Realtor "its not a homerun but its a start"
-Friends "I invest in the stock market and it doesnt require that much work"
3 years later my duplex appraised for $300k more then what I bought it for and cash flows $1,800/month!
Financial Advisor · Sacramento CA · Member since 2020 · 6 posts · 5 votes
4y
@David Dunn It took me a lot of podcast listening, reading RE investment books and attending local meetup groups to take an action and purchase my first investment property. While I was learning I managed to save some money, build my network and figured out the best strategy which works for me. I am out-of-state investor, purchased my first property in March 2021, already finished rehab and currently working on refinancing and renting the property. It is probably very individual what will trigger you to take action, but motivation, consistent learning and perseverance will eventually bring you where you want to be. Out of my experience (in business overall) everything will fall in place when you take action and have a clear vision of what you want to achieve.
I appreciate the insight. Currently I am a business owner and will be treating this as a business but it's a different career path then what I am used to. Currently working on my network, planning systems, and reading all the books that I can get my hands on! Thanks for the tips, guys, looking forward to this journey for sure!