New Investor in Mid Coast Maine

[Austin Ehret]

Excited to connect and have access all the resources that this awesome community has to offer. Long time listener to several of the podcasts and am excited to be taking action towards the future I'd like to build.

New Investor who purchased my first home August 2023 in hopes of house hacking. This allowed me to build a relationship with that seller who had the two adjoining properties.

I was able to lock in private money to purchase the first of the two properties with plans of doing a BRRRR. This allowed me to get the first right of refusal on the other property which I'm currently working on an owner finance deal that would be based on a 20 year loan, balloon in 3 years with no interest. That property has tenants which would cover the monthly payments at its current rent which is well below market value but the property would need love to justify an increase in rent.

Very grateful to have made this much progress in the span of less than a year and a half and currently just trying to make sure I have all of my ducks in a row to ensure I can build these three properties into a stable few investments.

Looking forward to the future,

Austin