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Updated almost 10 years ago on . Most recent reply
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New from Greenville, SC
Hi I'm Mark.
I'm a former real estate appraiser, full time stay-at-home dad while my wife completes a grueling post-graduate training program in Greenville, SC. I consider myself a green, wet-behind-the ears, newbie. I'm here to learn and contribute to the community when/where constructive and appropriate.
My parents and grandparents owned mobile homes, and a mobile home park, when I was growing up demonstrating the importance of rental income. As a result, I like mobile home parks and the people that choose to live there.
My investment interests are multi-family (5+ units) and mobile home parks. I'm also interested in learning about private placement notes and bonds - and learning more about the topic "Syndication." More specifically, how to issue a private placement bond, thus bypassing the underwriter(?). Any insight is greatly appreciated.
My goals in real estate are to first find someone to whom I can be a benefit and then begin building a team. The second major short term goal (6 months) is to close on a multi-family property. Five year goal is 1500 units. I'm so green I feel embarrassed to share my goals beyond my rather-ambitious 5 year goal.
I'm not sure when I first joined bigger pockets; however I decided to engage and start paying attention after finding the podcast on Stitcher Radio. I first saw the site a few years ago but was busy appraising houses - thinking I knew everything while also making no money. Now with my wife in her training program, small children in the house, and nearly $500k in student loans hanging over our heads ... it seems like I should probably start paying attention :-)
I look forward to reading the forums, doing some business and, hopefully, meeting some of you in real life.
Most Popular Reply
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Hey @Mark Vejnar !
I'm new here too, but as you'll quickly see, the people on here are awesome! Everyone has helped me out a lot so far!
Anyway, just to point out the obvious, theres a whole bunch of educational info on the site, and the cool podcasts that you've already found.
Not that I know everything, but I have to ask - what makes you say you want 1500 rentals? I've learned here that that number doesn't matter as much as some think.
Would you rather have 1500 rentals with $5000 month cash flow and 1500 headaches, or would you rather have 20 rentals with $5000 month cash flow with only 20 headaches?