Kind of a newbie...

[Casey Crotty]

Hello all! I'm a "kinda newbie"; I own two rentals currently (single family) and am looking to dramatically expand my base over the next three years. I'm based in New Mexico but am looking at the Ft Wayne/Indiannapolis market for expansion. I currently work 40 hrs/week at my normal job and have the above timeline for a transition. I am eyes/ears wide open for sage advice, discussion, or learning opportunity that can be thrown my way- after reading some of the posts prior to joining I think I'm in the right place! I'll be in Ft Wayne this coming weekend (Feb 5-8) so would appreciate any market insights anyone has to offer.

Many thanks- I'm looking forward to chatting!

[Casey Crotty]

Originally posted by @Tom Ott:

Originally posted by @Casey Crotty:

Hello all! I'm a "kinda newbie"; I own two rentals currently (single family) and am looking to dramatically expand my base over the next three years. I'm based in New Mexico but am looking at the Ft Wayne/Indiannapolis market for expansion. I currently work 40 hrs/week at my normal job and have the above timeline for a transition. I am eyes/ears wide open for sage advice, discussion, or learning opportunity that can be thrown my way- after reading some of the posts prior to joining I think I'm in the right place! I'll be in Ft Wayne this coming weekend (Feb 5-8) so would appreciate any market insights anyone has to offer.

Many thanks- I'm looking forward to chatting!

Hello Casey,

Welcome to the world of REI and BP. I know you're not THAT new, but it is something I like to say!

My question I have for you is, are you planning on continuing working full-time, or are you going to manage your properties full time?

I only ask because most people who work full time often look to turnkey properties as a solution so their busy schedule. Turnkey providers manage the properties for you, so you do not have to worry about the management end.

If you are not looking for that, then maybe you know a way to juggle both managing and working? If so, that is great!

Please let me know if you have any questions.

 Hey Tom!  For right now I will continue to work full time while I build up my units. I'm a CEO for a small healthcare company and that income will allow me to expand reasonably quickly. I'm hoping to exit in two years. In the meantime, I will manage my local ones (long time renters) and my brother will manage my investments in Ft Wayne. I've looked at the turnkey solution and haven't ruled it out, but admittedly am not as educated on it as I would need to be to make a decision. I will certainly keep you in mind as I continue with my education in the various options. 

Thanks for reaching out!