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Updated over 8 years ago, 07/21/2016
New Member from Danbury, Connecticut
Hi BP Members,
I've been a lurker on here for about a month now and officially became a member a few days ago. My name is Rob and I'm 34 years old living in Danbury, CT. I started researching the idea of using rental property as an investment, and a place to live temp, and stumbled onto this site. I was both shocked and excited to see so many people discussing the same things that have been bouncing around in my head for awhile.
I don't have any experience but I do have the will and dedication to learn everything I possibly can about this business and how to get started. Currently I'm reading 'The Book on Rental Property Investing' and plan on picking up more books. I've also been listening to the podcasts on here as much as I can.
My plan is to start with a FHA loan in a multi-family property that I can live in one and rent out the other and hopefully have the tenant pay for most, if not all, of the mortgage so I can continue to save money and acquire more buy and hold properties. The main hurdle I have at this moment is funds so having a 3.5 down payment or less would be what I need. Knowing this, I've been saving and educating myself in the mean time.
The idea of building exponential growth through real estate investing is real exciting to me and I can't wait to get started. I feel like I just need to get passed that hurdle and into the first property to get the ball rolling.
Not having much luck on the MLS sites searching for multi-family properties in the Danbury or surrounding area so if anyone has any suggestions I'd love to hear them.
I look forward to connecting and networking with others within the BP community so I can learn as much as I can and hit the ground running.
Thanks,
Rob