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Updated over 8 years ago on . Most recent reply
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Hello world
Hello, I am from Athens, TN. I am glad I found this site because I am trying to get into real estate investing. My past experience years ago I used to do mobile home owner financing (Lonnie Deals). Then I started a different type of small business and got sidetracked. Now I want to get out of this business because it is slow, and by slow I mean I'm about to have to shut down slow. So here I am at 40 years old wanting to get into investing in duplexes, Triplexes and quads with very little money. I have always wanted to do this for years, just got comfortable and busy, kept putting it off. Now I NEED to do this before I go broke for the rest of my life, I don't want to have to work for someone else.
I have been putting all the spare money I can get into a no load growth mutual fund trying to build it up to about $10k so that I should have enough for a down payment for a small duplex if I can get lucky enough to find my first decent one for around $100k and pay 10% with positive cash flow. In the mean time I have been reading books and now I can hang out here and learn from all of you.