Real Estate Journal: First Year Update

[Francisco Perez]

I decided to pursue real estate investing late 2020 when I stumbled upon BiggerPockets! 2-3 months later, I purchased my first rental property in 2021! The property has been cash-flowing since day 1, the tenants are very happy and it has resulted in a very low maintenance property for this past year. Unfortunately, I didn't continue to educate myself or pursue any other deals because of my current job. However, 1 year has passed from the last deal and I now have more time in my hands to focus on my second deal. I am looking to scale to multi-family properties but they are scarce in my local area. There are some new constructions being developed, but I don't think a brand new duplex would be a good investment here. I am still searching for deals here but I'll be searching for deals out-of-state as well.

Books I've read so far: Rich Dad Poor Dad, The book on Rental Property Investing, How to Invest in Real Estate, The Book on Investing in real estate with no (and low) money down, The book on negotiating real estate.

This first year has been great and I am looking forward to keep growing and learning about real estate investing.