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Updated over 10 years ago,
Newbie in Irving, TX
Hi all,
Just popping in to introduce myself! I'm interested in becoming a landlord long term by utilizing a buy & hold strategy with SFHs (initially).
I own one rental property already (out near Boston), but I don't really consider that a landlord deal as I initially bought the house to live in. I am hoping to pull a few actual deals in 2014 though!
If the price is right, I should be able to use conventional financing, but my first challenge is to find deals. Currently I'm doing so using RedFin, checking the newspaper, and driving neighborhoods in my local area. Any tips/advice on improving my strategy is much appreciated!
I'm mainly following the advice of Michael Rossi (MikeOH from BP, not sure if he still hangs around or not); I read his book "1 Minute to Rental Property Riches" which is great and has awesome tips for REI landlords, but it's a little outdated unfortunately. I think if I can combine his advice with current methodology, I'll be on the path to success!
Hope you all have a great Christmas Eve!
-Adam