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Updated about 11 years ago,
New member from Boise, Idaho
Wow hello there,
So its my first day back to work. The first Monday of 2014! GAH! Feeling a little bored after lunch I literally type into google.
How to make a million dollars in real estate.
First article pops up and I think why not
http://www.biggerpockets.com/renewsblog/2012/12/12/make-a-million-dollars/
Its like I was reading an REI biography of the last few years of my life. The numbers and properties are different of course, but this was a rather amazing read. It kind of blew my mind to see this kind of article out there. I'm sort of on year 5 of this plan but its actually year 3 1/2 for me. :-o I started with my first 4-plex in late 2010 and acquired a second property in early 2012. After reading the make a million article. It occurs to me that I should investigate the idea of selling via 1031 and rolling into a larger-ish complex of 800k-1M. How did I not know of this site before?!!!
Probably because overall I'm a relatively passive investor. Hands off, let my management company handle it. I like to find good deals and collect the checks and relax...HA! Flipping/rehab and so on is just not for me. I'm lazy like that and enjoy the math and the analytical side. But it seems like an interesting thing to invest in. You've got to know your skill set I think. Thats not to say dont try new things. but 'know yourself' I suppose is apt. This site is opening up ideas I'd never considered before and I've looked at it a whole 2 hours now? :-o Awesome!
I'll get a photo of myself here and maybe explain a little more later on. Back to the 'salt mine' for now.