From private equity to real estate... excited to learn and connect
Hi Everyone,
I’m Wesley, a 57-year-old entrepreneur originally from Brazil. I moved to the U.S. 10 years ago and have since started and sold four small businesses. Now, I’m curious about real estate investing.
I have some experience flipping a couple of houses, and although I have a ton of flaws, one of my strengths is being resourceful and assembling amazing teams—I’m always looking for people better than me at what they do— what seems to be a good fit for real estate.
If I commit to this path, my goal is to generate a net income of $300,000 per year by December 2030. I’m open to flipping, renting, or exploring other strategies.
My mantra is to test new things “fast and cheap,” so I’ll probably begin investing locally in CT before considering otehr markets across the US.
I’d love to connect with local pros who can share advice, experiences, or insights to help me get started. I’m also a big believer in giving back, so I hope to contribute to this community as well.
Looking forward to learning and connecting with you all!
Most Popular Reply
#2 Commercial Real Estate Investing Contributor
- Developer
- 4,531
- Votes |
- 4,693
- Posts
#2 Commercial Real Estate Investing Contributor
- Developer
What type of businesses did you do before. I would try to tie those experiences and skill sets to your REI path.
Work backwards from your $300,000 annual target to monthly say $25,000 per month. Then look at different REI to scale to that number.
Keep in mind most REI is a combination of monthly cashflow and appreciation. Recommend you go after both. You can always sale on your date and convert appreciation to monthly cashflow.