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Updated about 8 years ago,
Feels Great to invest...but.. I might have a heart attack!!!
Hey BP community!!!!
I'm from Southern California and I just bought a duplex in Racine, WI without seeing it in person.
I chose Racine because:
1.) Its much more affordable than So Cal
2.) I have an Army buddy that lives there and help keep an eye on things in a pinch
3.) I found what I believed to be a good deal based on principles I learned here on BP
I have planned on buying rental property for over ten years but never had the capitol and/or nerve until last month. Once I got the money and guts I decided to go crazy and buy a place halfway across the country. I closed December 30th and flew 2 days later to see what I got myself into. Once I got there and saw it in person, the pressure started to hit me and now I'm a little bit scared.
Although it's been working out well so far (just finishing rehab) I'm afraid that I'm missing something in my preparation for tenants.
I've read multiple books and listened to tons of podcasts and audio-books but I'm aware that I have much to learn about the business. I'd love to share my experience here for anyone who wants to see me fumble my way through the process. I would also love to have some help navigating the crazy world of Racine real estate.
Let's meet and discuss how to get Bigger Pockets!!lol