New Member - Garner, IA

[Christopher Derr]

Hello all, my name is Chris Derr and I live in Garner, IA.  

I joined BiggerPockets awhile ago probably did the introduction and fell out, as many probably have.

I currently work for a great company in the fortune 150 as a site manager and hopefully with in 2 weeks will know if I will be promoted to regional manager, so for the area I have a respectable income to hopefully help build a good portfolio.

I don't really have a mentor, I know a few people who have rentals and other things (myself included) because we couldn't sell our last house when we built a new one so I do have 4 years of rental property income on my taxes which should help for loans and such in the future.

I am interested in more buy and hold single family rentals, flips if the opportunity is right and also at some point multi-family rentals, I am also very interested in learning more about buying and selling homes on contract as I feel like you could get some decent cash flow for 2-3yrs then basically treat it like a long term flip when you're asking more for the property than you bought it for at the end of the contract date, but I am still learning that side of it.  

I feel like I am in a great location for 2% rule rentals (although I might be tagged by some as a slum lord)  we have a bounty of $20-30k homes that can rent from $450-600/month with some elbow grease.

I literally have hundreds of questions and I hope to be more active than in the past, I just read Rich Dad Poor Dad and whether you like the author or not, wealth is truly about making your money work for yourself, my wife is on board and I think it's going to take a true partnership one you already have a family to make this work.

Thanks in advance for any and all comments or help in the future.