Newbie in NM

[Colin Reid]

Hi,

I'm new to the board, looking to invest in property.

A little about me:

I'm an Active Duty Air Force Officer, so my day job is primary right now.

I have one property at my last base in Texas that is rented right now, but with negative cashflow (only losing $15/month). I'll be increasing the rent when the contract renews, as well as refinancing.

I bought another house in Eastern NM, which I currently live in.

I am looking to purchase additional properties in my area.

Full Disclosure: My mother is a realtor with Keller Williams in Maryland, and I am using her for referrals and advice. I am also reading [i]Hold[/i] and [i]Millionaire Real Estate Investor[/i] by Gary Keller.

My long-term goal is to not have to have a day job. Short term I want a total (including the current two) of 6 properties, 5 generating cash flow, by first quarter of 2018.

I kind of fell into the first investment by just renting my house instead of selling it when I got orders. I want to learn how to make a living on other peoples' rent.