Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 6 years ago,

User Stats

19
Posts
4
Votes
Julian Ramirez luna
  • Beverly, MA
4
Votes |
19
Posts

Advise on my first Condo purchased

Julian Ramirez luna
  • Beverly, MA
Posted

Hello Everyone,

I Just wanted to get some advise on a recent move that I did to see if it was a good move or not, and if it was not a good move, can you give please some advise for the future.

In June, I bought my first property as my primary residence in Beverly MA, a few weeks after I bought my unit, I got a job opportunity to as a tennis coach, close to the area and in the job they included free housing. so I don't have to pay anything for rent, so I decided to rent my unit, but I am renting it in $1800 a month, but all my expenses are $1910, so that means that I am $110 Negative cash flow a month. What I see good from that, is that I don't have to pay anything for rent, the tenant is paying months of my mortgage payment and I am being able to save more money now to buy some more properties that could help me get some cash flow. I also started a tennis academy by myself, so I am planning to offset part of the taxes from the interest that I am paying for the loan. 

I have a lot of free time in my new job and I want to get more into the real estate business, so any recommendations on what steps I should take now to get more involved in it. I am thinking of start using roofstock.com to buy a rental property. does anyone have some comments about that.

Thank you for the construction feedback,

Julian 

Loading replies...