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Updated over 1 year ago on . Most recent reply

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Investor Introduction about my journey.

Posted

Good afternoon, 

I became a bigger pockets member a few years ago but stayed dormant due to having no skin in the game. Now I have one rental property and living in my second home. I would still be living in my rental property and just buying another rental but due to the high interest rates I just bought another home to live in on a 30-year conventional at a 7.125 interest rate with 20% down. Of course, cash-out refi in the future.  Working on saving for the next down payment on my third home. Honestly at this point and with all the forecasts going around. I will keep buying either in El Paso or turnkey. I really looking into giving rent retirement a call. I read this in a book if you're going to start a business you need to plant a strong foundation. With my first property, I hired a property manager, and after some repairs, my property was rented in a month. Property management was full services from contractors to recommendations. I pay 10% but you get what you pay for. Honestly, no headache whatsoever but the locations has to be just right. I guess now I can give some advice your rental in El Paso has to have easy access to main highways people hate traffic here, close to schools and hospitals. Like I said the culture in El Paso is people value their time.  Location Location... 

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