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Updated over 9 years ago on . Most recent reply

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8
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Mike Selander
  • Electrical engineer.
  • Elizabeth, CO
0
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8
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New to BiggerPockets & Real Estae Investing

Mike Selander
  • Electrical engineer.
  • Elizabeth, CO
Posted

I am new to real estate investing and got interested in it when I considered buying a home to rent and later occupy in Coeur d'Alene, ID. We were going to buy a house to rent until we moved there and occupy while we looked for a permanent home. Our realtor suggested that instead of paying cash for the home, that we finance half or more and buy two or more rental properties to generate an income stream and that idea sent me down the road of considering homes as an investment to generate a return. I really appreciate her input that got me going.  I am completely new to this and I am now considering a home or two in Parker/Elizabeth, CO area and a home or two in Coeur d'Alene, ID area.

I will be retired the end of October and I am now considering using my extra time to fix up houses to get an even better ROI than buying ready to rent properties.

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