Success Story, How I got my big house 2400sq ft thanks to REI

[Tom Vu]

Hi All,

I am not good at writing, so I am going to write whatever I am thinking. My name is Tom, and I am 37 years old now. I started investing in real estate over 10 years ago.  I attended a real-estate seminar by Rush Whitney. I paid $2000 for their training course and I then meet my partner during the course and we bought 2 properties together in 2005. All assumable for around 10,000 each. And just at the end of December of 2015, I was able to buy a 2400 square feet house for around 560K. I would not be able to afford the down payment if it wasn’t for my real estate properties. I use the 2 rental properties and refinance them to pull out around 100K of equity to put down for the down payment of my new house. Real estate has help me buy my bigger house faster. My original plan was to wait for 10 years before upgrading. But once we saw this new 2 story house, my wife and I fell in love with it.  I lived in my 1100 square foot bungalow for 3 years now and upgrading to a 2400 square feet house 2 story house is a huge change in my life. My wife and my 3 year old daughter has never been happier. I finally feel like all that landlording stress that is involved in real estate has paid off.  I actually see the light inside the tunnel now.  I want to share my story for others that want to change their live and upgrade to bigger houses, that it is possible. Real estate is possible.  I am currently seeking to just manage the properties I have, I do not need to grow. Family is important to me. More properties mean I have to spend less time with my family. I have used a property management company before and I believe only the owner will look after the property the best. And without using a property management property I am able to save around $1200 a year. I am comfortable with the life I have now. But would like to invest in Flips, since I have some cash on hand. And flips I heard are only going to tie my money for 3-6 month time frame. Another option for me is to become a Lender.  I am only writing this post to let people know, hard work pays off for real estate investing.  Happy Investing Everyone