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Updated almost 9 years ago on . Most recent reply

User Stats

9
Posts
7
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Dale Forney
  • Investor
  • Snohomish, WA
7
Votes |
9
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Newbie from Snohomish, WA (N. Puget Sound area)

Dale Forney
  • Investor
  • Snohomish, WA
Posted

Hello all,

I’m fairly new to BP site….Been so busy consuming info that this is now my first post. What a treasure trove of RE knowledge and info!  I found BP through a real estate weblink and exclaimed, “This is incredible!”  I’m amazed at the tools, knowledge sharing, and willingness to sharpen one another.  Positive energy… I love it.

About me….I’m a full time Sr. Subcontracts Manager (Procurement) for a Fortune 25 company and have tremendous flexibility in working from home.  However, I’m seeking the financial freedom to retire early, travel with family, give more time/funds back to the community, and enjoy the challenge of running a business rather than another business running me.  Real estate investing is the ticket I see to making that happen.  I currently own/manage 4 SF rentals in Washington state (Snohomish County / N. Puget Sound).

I’m originally from Portland, OR.  After an exciting journey away (military, education/MBA, corporate moves), I returned back to the great NW (reside in Snohomish, WA) in 2006.  I’m passionate about poverty alleviation and raising/coaching the next generation of leaders.  I also intend to pass on the skillset and lessons learned of RE investing to my children so they will be able to create their own financial freedom as they mature.

The numbers….. Aiming for 4 flips and 1 rental acquisition per year and re-assess in 5 yrs. $60,000 passive CF in 5-6 years. Liquidate the rentals further down the road. Currently focused on SFH and 1-4 multi units.

Hobbies....Travel, languages, baseball, boating, fishing, skiing, poverty-alleviation missions

Looking forward to collaborating and learning together on BP!

Most Popular Reply

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7,730
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2,248
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Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
2,248
Votes |
7,730
Posts
Paul Timmins#2 New Member Introductions Contributor
  • Specialist
  • Rockland, MA
Replied

@Dale Forney

Welcome. Thanks for your service. We do free Multifamily investing training for veterans. EMAIL me if you want info.

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Amanda Han is a real estate CPA active on BP reach out to her,

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul 

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