Hi there. I'm a DIY guy looking to get into rentals.

[Nicholas B.]

Just thought I'd introduce myself as I've been poking around the articles and forum for a bit. As the title says, I'm a DIY guy. I really enjoy doing my own home improvements and I have lots of tools and experience.

My last 10 years have been spent working on my first house bought in my mid 20's. It's a simple, 75 year old cape cod that was in rough shape when I purchased it, with shoddy work done by a bad flipper. We have a few more projects in mind, but it's currently livable.

That brings us to the plan. We decided that we'd like to branch out a bit and purchase our first rental property next year. I don't have any "get rich quick" aspirations. I figure we'll shop diligently and take our time and when the time is right, we'll jump on a small single family home near our neighborhood. I'd like to take a neglected home and make it right and hopefully find some quality tenants that will keep the bills paid. Maybe do that another dozen times or so throughout the next couple decades if it pans out.

I'm not sure how we'll finance it, yet. We have good cash flow and excellent credit. Coming up with some cash down should be feasible. I think I'd like to try to stick with short term loans (5-10 year max) and pay them off as quickly as possible, but I have a lot of research to do there. I believe our price point right now is around $60,000, but that's the bottom of the low in this area. That may change, too. Buying a foreclosure may make sense, but I know very little about that process.

You'll probably see me posting in the DIY section as I've learned a lot over the years and enjoy helping when I can. As time goes on, I'm sure I'll have many questions. so hopefully I'll find some help here!