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Updated about 8 years ago, 10/28/2016

User Stats

27
Posts
6
Votes
Sunny Rajvansh
  • woodbridge, CT
6
Votes |
27
Posts

How I stumbled upon the idea of real estate investing.

Sunny Rajvansh
  • woodbridge, CT
Posted

Hi BiggerPockets. 

I am Sunny Rajvansh from connecticut. I am here to network with the members and learn from you all. I am new to this and enthusiastic about my future with investing in real estate. My goal is to start with rental properties. I have not thought deeply about flipping yet. I want to first start with a steady income through rentals. BTW I work full time in sales which I love as of now.

I would like to tell my short story long, how I got interested into investing in real estate. In 2012 me and my wife were looking to buy single family home as our first primary residence. We got married in 2010 and were renting since then. While looking for house I met a guy named Ken, whose mother owned condo where my parents lived. The tenant were moving out and Ken wanted to sell his condo since his mother was too old to take care of. Ken lived an hour away and had full time job. He was desperate to sell it, since he did not want to deal with renting properties. I made him an offer that was 30% below his asking price which was already below market value. He accepted the offer and I bought condo for cash that I saved up for down payment. This actually was a great deal for us since my wife was pregnant and now my parents were in the same community. They were so helpful (and still are) with raising my beautiful daughter. We moved in lived there for more than 2 years and saved up again for down payment. This time it was easy because we had no rent or mortgage. In 2015 we finally bought single family house. We rented the condo out which is paying about 30% of my current mortgage after all expenses. This made me think about investing in real estate. I started dreaming of financial freedom, generating income through real estate which always appreciates and retire with properties on hand. I went online, read books & articles, started listening to podcasts and thats when I found bigger pockets. I have been listening to bigger pockets podcast and I have to say, it is great and this community is amazing and I am so glad I found it.

So thats my story. I am looking forward to make friends and benefit from the expertise and knowledge floating around here in BP.

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