I’m not somebody that’s doing millions of dollars of transactions personally every year. That’s not how I’m working. I work slow and steady when it comes to my real estate portfolio and I’m going to teach you that way — in a “wealth building tool” way.
When I first started in real estate, it was kind of pushed upon me. My dad helped me buy my first house. He would point out things that I wouldn’t have seen as a new buyer and walk me through the whole process. I also had a great realtor who was in the business for a few years.
So, what did I do with my first real estate investment?
[00:01:04] I saw a ton of houses (no joke!) and probably saw over a hundred houses before I bought my first house. Back then, the recession was officially over, and the housing market was starting to boom. It was around 2014 when I started looking, and I bought it in 2015 to the housing.
[00:02:00] So I had a total of four different houses under contract, not at the same time but one at a time. I’d go through an inspection, which inspection ranges anywhere from $300 to $500 depending on the inspector and find something wrong with the house.
[00:04:57] I did not go out of my county or to different areas. I stayed very specific on where I wanted to live, and I stuck to it with that. Thankfully my first home buying experience, although it was long, it was a good experience. I learned a lot. In real estate, my main focus is going to be how I’m building my portfolio, which is the slow and steady way through rentals and long term holds on real estate.