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Updated about 9 years ago,

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10
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0
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Mitch Villalva
  • Victorville, CA
0
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10
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New to REI, but not to business...

Mitch Villalva
  • Victorville, CA
Posted

Hello BP,

I am just here to post as a newer member who is like many interested in real estate in general. 

A little about myself as this is an introduction. 

My name is Mitch and I am one of those Americans who has done something for the last 10 years, and now have suddenly come to the conclusion that I want something different. 

Working for a greedy corporation making them literally millions of dollars over the last decade and I have been given a very tiny piece of it as a ground up developed manager today.

While I don't have the education some would think I would have needed to do this job/position. I have now experiance running business for the last 11 years. For that I say thank you terrible company I will not mention. They know who they are lol. 

At the end of the day I have 3 daughters who have not been able to enjoy much time with me and they are only 6, 4, and 2. My job has been traveling me everywhere during my employment fixing non performing areas and developing managers to do the same or in some cases better than I have. 

I want to spend more time home and less traveling.

I bought a home that I have lived in for over a year now and want to really try and make enough money to provide for my family using real estate. I'm 

My question is what would be a good direction if you were me? 

1. Should I hold on to the property and rent it out? 

2. Should I sell it and start to look at better options? We have a FHA loan and made all payments on time to this point. When we bought the home we paid at value once the appraisal was done so we have some equity I would assume after a year. We upgraded the AC and HEAT to central heat and air. And also had solar panels installed being we live in the desert. This was done with a hero loan.

3. I may be losing my job so would need advice soon, thanks for any input good or bad lol. My boss is a real duche bag.

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