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.
New Member Introductions
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 about 3 years ago,

User Stats

2
Posts
1
Votes
Jeffery Burns
  • New to Real Estate
  • Michigan
1
Votes |
2
Posts

Introductions, and a few questions!

Jeffery Burns
  • New to Real Estate
  • Michigan
Posted

Hello everyone. My name is Jeff, 27, and my wife, 25, have both had a vested interest in real estate for the last 2 years. In April this year we closed on our starter home, and have since been saving up and doing mountains of research into what to expect in this field.

We don't have any kids and don't plan on having any until we have at least 5 doors of real estate, in any combination of either single or <4 unit multis. We have a set roadmap on our financial and estate goals, and are both working two jobs each to get where we need as fast as we can. (We both work at one of the same jobs so we can still spend a bit of time together during breaks).

So for my questions...

1) are you or someone you know a real estate agent? My wife wants to be one, but we don't know which website / area would be the best to go to for getting certified.

2) when you bought your first rental(s), did you hire a management company immediately to tend to them, or did you manage them yourself? If the latter, how many unit(s) did you accumulate before passing them to a management company, if at all?

3) what would be your recommended minimum cashflow / cash-on-cash return for the very first rental property? Looking for percentage amounts, and my current standard is 18.5%.

Thanks for taking the time to read. and I hope to make good connections and learn a lot more here than I could alone! 

Loading replies...