New Member (Basic) Gainesville FL

[Daria B.]

HI I'm Daria,

I live in Gainesville FL and like most people am a transplant from another state. I consider myself mid-versed in real estate and I'll explain why. I am new to a lot of other things in RE (i.e., multi-family, portfolio lender, flipping, self-directed IRA, wholesaling) but having bought a home that turned into an investment, I was exposed to property management, tenants, and the tax implications of now owning an investment property.

It started several years ago when I purchased my home (townhouse in another state) and eventually moved away, which in keeping turned into investment. That was my head start and honestly I didn't know anything about investments but I knew I didn't want to sell. It was finding a PM and handing it over. Hindsight was the no-fear factor as I was determined to move on and hold onto my home.

So here I am years later having purchased 2 other SF homes in my home town in the past 2 years. I was looking for a condo this year because of a constant rental but decided against it due to HOA fees. The first home was my primary home that turned into investment so those HOA were grandfathered but to buy another knowing HOA never goes down and eats away at profit, needless to say there was no emotion in the decision to re-think my options. I've found a ton of spreadsheets and I have my own that are now helping me see just where the money is going. I've used simplified spreadsheets over the years and have altered them after finding and understanding things like cap rate, GRM, and a plethora of other RE goodies.

Two years ago I realized I needed an income producing strategy for retirement. Although some would see retirement as being further than I, it's also about wanting more than the current situation may/may not offer.

I have a better than new-understanding of a lot of things after reading up on many topics over the years in RE and owning and participating in my initial owner-live-in/owner-investment property. But I'm just as new to many other things that I've not encountered, which is why I used the term "mid-versed" and am open to continue learning from those that have been where I have yet to venture.

My goal is to continue adding to my portfolio for buy-hold properties that will yield income for my retirement. If the chances of a good flip come along and am able to secure liquidity to do such a flip than I am all in. In my opinion, flipping isn't a guarantee in all areas.

Like most I watch a lot of RE shows that show flipping or buy-hold investments. It's actually interesting to see what others do and I liken it to doing just as much reading, which I have been doing as well.

I do have a full-time job and have to keep in mind the juggling that I'm doing in order to jump into the RE to reach my goal with the percentage of time that I do have.

I know what I'm great and good at and I also know what challenges me sometimes not in a good way.

Anyway, time will tell what awaits.....

Thank you

Daria B.