New Member from El Paso, TX

[Justin Webb]

Hello BiggerPockets friends! My name is Justin Webb, I'm a native of Georgia, however, I am currently stationed here at Ft. Bliss in El Paso, TX. I've been following bigger pockets for a few months now after it was recommended to me during a Rich Dad coaching session. 

Although, most of the concepts were foreign to me when I began, this community's wealth of knowledge has helped me learn more than I ever thought possible in such a short amount of time.

I inadvertently began my investment career a few years ago when the Army sent me overseas to Korea. I couldn't sell my house, so I ended up renting it out. After a couple of years away, I realized what had occurred. I know now I didn't do it the right way but I had no clue this would work out back then. My tenant covered most of my monthly PITI. It was still a negative cash flow, but several other positive things occurred that peaked my interest. When it came time to file taxes, the deductible interest the tenant was paying on my mortgage was more than the high annual property tax in Texas. CPAs can explain it, but it was a nice payday. Second, the principle was also paid down leaving me several future investment options I'm looking to explore. Finally, the value rose since the location of my home is now in a highly development area.

Needles to say, I'm hooked! Over the next couple of years I will be looking for deals and opportunities that eventually add up to create $5k in monthly cashflow either from buy and hold properties or owner financing. From there, Ill be able to begin investing full time.

I've done some research and know I'll be pushing a boulder uphill here in the beginning, but I look forward to the exciting journey as well as connecting and learning from many of you in the future!

Sincerely,

Justin