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Updated almost 9 years ago,
Newbie on Oahu, Hawaii
Hey everyone!
Just got started on BP a few weeks ago. Basically just finished reading the free e-book they give you for signing up! Loved it! Very helpful for a great broad overview of the real estate investment world.
I currently own a condo/townhouse in Ventura, California that's been rented by the same tenant for 2 years. It's about $100 negative cash flow but I get it back in taxes. Bought it for $310k and it's now Zestimating at $415k. Not really sure how good of an indicator Zillow is for home values? We were gonna sale but decided to hold instead, and our agent was gonna list at $415k so it seemed legit.
I live in Hawaii now and would love to find a home to possibly do a live in flip, or even another hold/rental. Unfortunately I could only get pre-approved for $475k and that's just not very much in Hawaii....
So I was thinking about buying a rental in another market on the mainland. So that's where my BP learning will start! I have a brother in law broker/fix and flipper in Denver, his wife is a broker/property manager. Very experienced and my current mentors.
Can't wait to help where I can and learn from others! My name is Brandon and I'm a newbie investor! My goals for 2016 is to acquire one cash flowing rental and/or find a home to owner occupy and hold.