Why Did I Buy My First Property?
Because I had no money.
Please hear me out.
I graduated college in 2013 with no job prospects and roughly $50k in debt. Postgrad, I was barely keeping my head above water. When I finally landed a salaried job I was so excited! Finally there’d be some relief!
And in some ways there was. I had insurance! And paid days off! But financially? There was nothing left by the end of the month. I was completely depleted. When I [grudgingly] did my budget, I realized my largest expense was rent. That realization prompted the thought:
“What if I bought a house whose mortgage was cheaper than my rent?”
So I applied for a mortgage and was essentially laughed out of the office. Why? Because my credit was terrible, I had no savings and my credit cards were maxed out. But instead of giving up completely, I used their denial to design a plan to get my finances together. 18 months later, I reapplied and successfully purchased my first home in 2015.
That one house
That SINGULAR purchase, has blossomed into a multi million dollar portfolio which has allowed me to retire from teaching and live completely off of my investments. It started with one purchase, one house, and a UNRELENTING COMMITMENT to my strategy.
I want this for you too. I want you to use real estate as the financial vehicle it is. Perhaps you just want to stabilize your housing costs, or maybe you’d like to fully fund your retirement. Either way, I’m developing a neighborhood here where I hope you feel welcome and supported no matter where you are on your journey.