Newbie from California Pennsylvania

[John Frank]

My name is John Frank and I am a recently new investor. I did have two properties that I purchased back in 2006 in which I did the famous BRRRR method where I bought them, rehabbed the properties, rented them out and then refinanced them. however I forgot to do the last R and that is to repeat. I was in my mid twenties at the time with a job that kept me local allowing me the time to manage these properties. I later got a job working out of town which made it difficult to manage the properties at the time so I decided to sell them both.

Now that I am older, settled down with a wife, kids and a home of my own, I am ready to get started investing again.

I have recently purchased an REO property with the intention of flipping to gain some quick cash. I am half way complete and I am on budget and on time. Hopefully I can continue to make this a profitable first flip. I am also in the process of purchasing my first four-plex in our local college town to use as a college rental.

My long-term goal is to flip properties to earn quick cash so that I can invest into rental properties for the passive income and long term wealth.  At some point I plan to replace my income from my job, with passive income from real estate.