Hello Team!

[Dustin Figenscher]

My name is Dustin, I'm 28, and am from Rochester NY. I have been on BP for a few months now to read & learn but haven't introduced myself until now. I purchased my first home this passed August; an owner occupied duplex, in the City of Rochester. Since I started drafting up plans for my future I have always wanted to buy a duplex for my first home.. A) it's a smart first investment and b) it's still a smart investment even if I find out being a landlord isn't for me. It was purchased under an FHA loan but I ended up putting 10% down on the property because I had the money. Thinking back I could've used that money elsewhere, but at least it gives me more possible equity for the future. It is a top/bottom unit house with 2.5 bedrooms and 1 bath in each unit. I cosmetically renovated the lower unit due to messy tenants that smoked heavily and apparently never owned a vacuum for 5 years. Now that unit is on the market for December 1st to rent for $850 a month. Currently have 3 applications on file. (I use Cozy.co). My escrowed mortgage payment is $918 without any tax deductions or local homeowner programs which will come into play after the new year, my mortgage officer said it may fall to around $850. So my projected ROI after I move out next year is around $782 at the minimum right now, max $850. I am proud of myself for getting this far and feel like I could talk all day about my property and the things I look forward to getting myself into. I have met with a couple local investors whom I would call friends now, and I vicariously live through them to pave the way for my next investment decisions, I listen to investing audio books when I'm driving, and of course browse the BP forums when I'm not working or have questions. Lately my brian has been tied up trying to think of how I can fund my next investment (within the next year). Input/questions about myself or property/and criticism is greatly appreciated!! I look forward to soaking up everyone's knowledge.