All Forum Posts by: Dain Herrala

I'm planning to keep working my W2 for the foreseeable future. I enjoy it and the earnings potential is quite good. There is quite a bit of opportunity to pick up extra work for overtime pay.

Currently, I am house hacking and making it work to renovate it at the same time.

I also own a small service based business with a partner. It's seasonal and eats a large chunk of time during the warm months of the north. I've been learning that I'm not particularly passionate about this work and it takes a lot of my time while I'm not at the W2, preventing me from picking up well paying overtime and keeping up with general life requirements/interests.

I am interested in FI, but also have been realizing how I like my W2 and don't mind continuing to work! The debate in my mind has been such that I'm wondering if I should get out of the business and focus on working my W2, increasing my income there, and then slowly acquire property over the next decade or two.

Maybe I just answered my own thoughts, but if anyone has similar experiences or has thoughts on service business vs acquiring real estate, I'd love to hear them!

Thanks everyone for the welcomes, tips and different things to think about! It seems that building a network, continuing to hone in on specific areas and specific asset types should be a focus. 

Howdy all, I'm new to this game and am searching around for my first deal. Located in the outskirts of the northwest suburbs of Minneapolis and looking at possibly doing a house hack to begin with. This could possibly even be a SFH and renting out the rooms. However, my work takes me on the road a decent amount with a fairly unpredictable schedule. Most of the time I will have access to a phone and internet but I won't be in the area all the time as deals come up. Any tips for getting into this with this kind of a schedule and any other tips that anyone sees good to give?

Thanks!