All Forum Posts by: Nelson Martinez

Hey, 

I found some meetings around us, refer to the first reply from Nathan Gesner, i found them in the "BUILD YOUR TEAM' and then "LOCAL MEET UPS". Good luck and hopefully you find some around you!

Thank you!

Hey everybody, 

I was wondering if anybody knew about any events coming up, rental/investing related in my area that I could attend? Thanks!

@Randall Alan

Thanks for the great detail. Im glad you added a financial advisors standpoint of retirement. I also am not sure i can live on the 4% rule as you lol. I believe real estate retirement is so much better than stocks, especially when you compare the withdraws to be "atm" like,which makes sense. Congrats on all your doors as well. I have one final question, how did you increase your $300/door to $650/door even after PITI? Thanks again Randall!

I've came to learn IT loves experience (almost like any other job), but i see experience is favored over degrees here as well. One thing for sure i now is i will not pursue a remodeling career. It's not in my heart, but you do got it right. I want to develop skills that will allow me to leverage myself, which remodeling will do. And it adds a sort of "X-Factor" to me compared to other REI's, confidently assuming. Although i will only be able to do small-scale projects myself to start , I can still cut cost on bigger projects by helping the contractors on my team. Thanks for the clarification on your property, i was interested only because everyone has different motives with which route they go into. I think the way you went into your first property is a great way to see it. And sadly, hindsight is always 20/20 and not every choice will be perfect but what I'm learning from others, including you, is that house hacking is a great way to get started so hopefully in the future i can use the information I'm learning now to start my portfolio. I appreciate your insight and advice Steven. I wish you luck with your current and future investments. Thank you again!

@Steven DeMarco

Hey!

Thank you very much for your reply. Congrats to you for your recent properties. All three of your points are very important to me, especially saving a bulk of my income. I did not consider the idea of moving jobs every few years to maximize income but that sure is something i consider now as you mention it. To clarify, im majoring in remodeling not IT, i work in IT with no cert or degrees (thankfully), im self taught and trained through the district here. I hope to use my remodeling skills to lower labor cost of my personal projects in the future! I will ask, why did you choose to go with the STR route rather than long term rentals? Thanks again and i look forward to more discussion!

@Randall Alan

Thanks again for a great in depth personal story. Also shoutout to you for even starting to invest at 47, i know many personally who wouldn't dare to take those risk so good for you Randall. I didn't even consider much of healthcare expenses since i wouldnt be under the districts plan after i quit my job eventually. Now i have to shift perspectives into reality because insurance is essential. Your story about testing rental classes is really insightful, it makes a lot of sense, id assume i live near B type homes so i believe focusing on homes below that class like you and your wife would be best for me. I need to also develop a plan/ goal set so i know exactly what i want, crunch numbers, dream a little bit and have my finished plan. I know you have spent a lot of time helping me out and i appreciate it. My last question would be did you develop a plan? and if so how?

Thank you again Randall, your stories are very insightful.

@Account Closed

Hey, thank you for your reply! I appreciate the advice and emphasis on my W2, it sure makes me change my perspective more.  

@Brian Agostinho Thank you for your reply, 

I really appreciate your words my man! I wish you the best of luck as well, and i hope you reach all of your goals in this industry, good luck and thank you again for your kindness.

@Randall Alan Thank you for your reply,

I really appreciate your emphasis on keeping my W2 job, i do make good money here for my age and will make even more once i graduate from college. Also, congrats to you and your wife, i believe 20 rentals is amazing especially to share that accomplishment with someone you love, i showed my partner your response and told her that we can get to where you and yours are one day. Thank you very much again, I got lots of insight from your response. If you could give a "perfect" scenario/timeline, how long do you think it will take to transition to full time investing?