Hi from Maryland

[Ruby T.]

Hi everyone,

I haven't posted before, but I've been lurking for a couple of years to get motivation. I've finally decided I am going to do this, so I thought I'd post my into as a commitment to get serious. 

I grew up in a real estate family. My father bought his first rental before he bought his own home. Traded that into some land that he subdivided. And then those profits went into his first commercial property, which is what I remember from childhood. My first job was to clean parking lots on weekends. Oh, and this was all while keeping his full time job. He did have partners, which are still his best friends 45 years after they started. Proof it can be done 

As for me, I just have one SFR. Really, it was supposed to be our second slow flip, but it got caught in the crash. Alas. But it (barely) cash flows, so there is that. Looking at property number 2 for my "portfolio." I think it will be a condo near where we live now. We live south of Baltimore, but I don't want to get into baltimore city properties. The cash flow is there on paper, but I would rather have a class B, and I don't think we have the cash for another class A- SFR. I've done the math several times, and it should end up with cash on cash of 15-20% on the condo.

I've been wanting to do this for about years. My husband, however, did not have the same childhood education in real estate, and it still a bit bitter about our 2007 mistake. But, it's been 4 years since we bought a house, and I need a new project :)