I started my real estate career as an investor. The first property I bought was a duplex, where I lived in 1 half, and rented out the other half. This was a good introduction for me to being a landlord. I started building relationships with other local investors, contractors, handymen, and eventually founded my company, electricians rochester mn . These relationships helped me to keep my property in rent-ready condition (for example, if there was an issue such as a broken toilet or light fixture, I knew who to quickly call), and it also helped me financially (because the contractors would give me great deals on their rates after they got to know me). Plus, my background as an electrical engineer really helped when it came to smaller jobs around the house. In such cases, I would assess the issue and apply a DIY solution. On bigger jobs, I would generally contact a team who would be able to assist me with more heavy duty tools & equipment. My next journal entry will discuss my second investment property, and how I was able to scale.
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