Hello from the Tri-Cities in Washington!

[Lisa Gerard]

By day I'm a mild-mannered accountant, something I'm good at, but not excited about.  A W2 job for me is a means to an end.  In this case a good income means I can qualify more easily for a loan on another property.  I love real estate, because of the power and potential it holds.

Currently my husband and I have one duplex (buy and hold), one property we're selling on a contract for deed, and one we hold the note on (earning 7%).  Our goal is to purchase enough multi-family properties to earn the passive income we need for our modest lifestyle.  We don't care about having stuff, just freedom. 

My plan is to keep the MLS alerts coming through email and run every one of them through the Rental Calculator tool here on BP so I can get a frame of reference. Maybe make offers on the ones that appeal to me. I'm also listening to every podcast and making my way through the webinars. The resources are incredible. I just can't consume them fast enough!

Right now we only accrue enough cash for a down on one purchase every 12 months.  That limits our growth unless we can find a reliable partner or seller financing.

We'd like to expand our scope to properties that may require some rehab.  We just don't know a contractor that is good and reliable.  

Lastly, anyone out there in my area? Let's start a meetup or REI group here in the Tri-Cities!

[Steve Vaughan]

Welcome Lisa! Love how to you are frugal and investing all saved money into RE. We have done the same and the freedom is worth it!

Glad to have you!