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Updated over 2 years ago on . Most recent reply
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FIIIIIIIIIIIIISSSSSSSHHHHHHH!!!!!!!!! A Complete Investor Newbie
Hey Y'all,
My wife and I came back from an island vacay that she got because of a big promotion she got! She had wanted her "fun car", meaning a cute convertible. On the flight back started looking at some island properties, and on the drive to pick out her car, we came to the big kid decision that a first local rental property made the most sense. So now, here we are!
We are nearly completely liquid at the moment, only debt is our primary mortgage which is already in ~$65k equity after two years. We are living Dave Ramsey'ish, but not fully. So, we are NOT house hacking, we are NOT going to do the equity rollover to each new property, and our plan is to use our fairly large income sources to buy turn-key income-generating properties for long-hold to increase overall wealth in our investment portfolio.
I really look forward to getting some more learning in about how to best achieve our goals!
Cheers,
J.
Most Popular Reply
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Great start. Whether you look local or somewhere else build a team. Find the right people(agent, PM, GC, etc) to help guide you in the purchasing of deals. Practice running #'s then make offers
- Caleb Brown