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User Stats

5
Posts
2
Votes
Maria D Manriquez
Pro Member
2
Votes |
5
Posts

Property 1 bought

Maria D Manriquez
Pro Member
Posted

I found an amazing real estate agent/Mentor here in BiggerPockets. From our initial call to today, has been 2weeks. I read the book Rental Property Investing by Brandon Turner, did some research, played with the buying calculator and rental, listened to some podcast. A whole month in really vested in doing this and here I am today with one contract signed. I'd say I hope for my best, but I will continue to learn and make sure I make it the best. I plan to be posting in about 60 days when property is rented out. 

A genius learns from others' mistakes. I don't know if that is word for word but its Einstein.

#autismawareness

User Stats

1,585
Posts
1,626
Votes
River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
1,626
Votes |
1,585
Posts
River Sava
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • USA
Replied

Hi Maria, congrats on your first property!

Is it a rehab or turnkey?

User Stats

5
Posts
2
Votes
Maria D Manriquez
Pro Member
2
Votes |
5
Posts
Maria D Manriquez
Pro Member
Replied
Quote from @River Sava:

Hi Maria, congrats on your first property!

Is it a rehab or turnkey?


 Yes thank you

Turnkey because it’s a new build 

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User Stats

19
Posts
5
Votes
Manuel Mungaray
  • New to Real Estate
  • Santa Barbara
5
Votes |
19
Posts
Manuel Mungaray
  • New to Real Estate
  • Santa Barbara
Replied

Hello Maria! Sounds exciting. Im working to get my first one done, Keep going you Inspiration

User Stats

76
Posts
50
Votes
Maureen McCann
  • Investor
  • San Diego, CA
50
Votes |
76
Posts
Maureen McCann
  • Investor
  • San Diego, CA
Replied

Maria...Congratulations on closing on your first investment property! Wow, girl...you soaked up the information and took quick action. BRAVO!!  Investment real estate is such a great way to build long-term wealth.  New BTR properties are exceptional and perform very well.  The new builds tend to attract better-quality residents.  They tend to stay longer and take better care of the property. 

I'd love to see your follow-up message in 60 days. 

I have been in investing real estate for the last 16 years both as an investor and as an operator.  I love helping women create wealth in real estate. Keep up the great work! Cheers!

User Stats

88
Posts
52
Votes
Matthew Gentile
  • Real Estate Agent
  • Worcester, MA
52
Votes |
88
Posts
Matthew Gentile
  • Real Estate Agent
  • Worcester, MA
Replied

Congratulations, Maria!

Very happy for you taking the leap into Real estate investing, it's a venture that some folks never get off the sidelines for. Kudos to you. 

Is this build a multi-family home or a SFH? Excited to see your 60 day update.

Goodluck!

User Stats

5
Posts
2
Votes
Maria D Manriquez
Pro Member
2
Votes |
5
Posts
Maria D Manriquez
Pro Member
Replied
Quote from @Maria D Manriquez:

I found an amazing real estate agent/Mentor here in BiggerPockets. From our initial call to today, has been 2weeks. I read the book Rental Property Investing by Brandon Turner, did some research, played with the buying calculator and rental, listened to some podcast. A whole month in really vested in doing this and here I am today with one contract signed. I'd say I hope for my best, but I will continue to learn and make sure I make it the best. I plan to be posting in about 60 days when property is rented out. 

A genius learns from others' mistakes. I don't know if that is word for word but its Einstein.

#autismawareness

Update: house is on 1.5 months rented. Working, more like searching for house no.2!

User Stats

619
Posts
345
Votes
Sarita Scherpereel
Agent
  • Real Estate Agent
  • Chicago, IL
345
Votes |
619
Posts
Sarita Scherpereel
Agent
  • Real Estate Agent
  • Chicago, IL
Replied

That's awesome! Thanks for the update. Really great that you're already looking for the second one!