Newbie from Marietta, Georgia

[Lauren Galan]

Hello everyone!

My name is Lauren and I live in Marietta, Georgia with my husband of 18 years, Miguel. We are DINKs (dual income, no kids), debt-free (including a paid-off primary residence), and plan to semi-retire in our early fifties. We are very interested in supplementing our portfolio with a few rental properties to buy and hold for 10-20 years. The hope is that these would provide passive income (especially between the ages of 50-65 to allow our 401Ks and Pensions to mature).

Miguel introduced me to this site as I have been talking about purchasing a rental property for a while now, and he realized I was serious and suggested I learn more. Already, Bigger Pockets has provided me with a better idea of what it takes to be a landlord including pit-falls to avoid, cash vs. financing, and how to calculate potential income (this is still a bit fuzzy for me and look forward to learning more).

Our goal is to purchase 2-5 properties within ten miles of our primary residence. As I mentioned, we are totally new to this, but excited to potentially purchase our first rental property in the next 3-6 months (we just found out a neighbor is moving and we are hoping to buy before she lists it). Once I have the details, I will definitely ask for your advice J

Thank you for the information so far – I look forward to learning more, growing my network, and becoming an active member of this community.

Best regards,

Lauren