Hi, I'm a new potential investor!

[Jodi Hutcherson]

Hello!

I am not new to real estate, but I am new to real estate investing. I've been listening to Bigger Pockets for the last two years and I just downloaded "Rich Dad Poor Dad" on Audible. I'm trying to soak in all the knowledge I can! 

 My husband and I have been waiting for the right time to start investing, but we have recently realized there is no right time to start investing, there is just now. We are both looking for a way out of our 9-5 so that we have more time with our kids and each other. Currently, because of the high price on childcare, we work opposite schedules so that someone is always home with the kids. My husband works 40 hours in 4 days and I work part time the other 3.

We have found the perfect property for our first investment. It is a commercial property located on the main street in our small town. The downstairs is currently rented out to a long term tenant with a dance studio. The upstairs is a vacant apartment. We plan to use the upstairs as a short term rental. We are exploring financing options and have just recently established our LLC and set up our business banking account. The property is off market and the seller has reached out to me directly. I think this is the perfect seller financing scenario, but I'm not very familiar with seller financing. It's really hard to find comps in this area and I want to make sure this property will produce enough income. The good news is, there are a lot of AirBnb's in the area and all of them seem to be rented at least 10-15 days out of the next several months. One in particular is right down the street from our potential one, and is exactly the same kind of building. It is rented at 110$ a night and full through the entire next month and a half!

Thanks for reading, nice to meet everyone!