Hey there BP! Just wanted to introduce myself!

[Tim Vecchioni]

Hey there, Tim Vecchioni here. I am 31 years of age and reside in Annapolis Maryland. I currently own 1 rental property which happened simply out of survival. My wife and I bought our first home, a townhome in a C+/B- neighborhood and happened to end up next to neighbors who weren't the best and we ended up being robbed by them. They were stupid about it and cashed checks they stole at the bank. Obviously on camera, caught and arrested. Needless to say, the wife didn't feel "at home" anymore and we had only been there a little less than a year. We decided to move but obviously were upside down on our mortgage so we decided to rent it out. We currently have been renting it for 5 years now! It is not a cash flow property by any means. Rent is $1,725 and the mortgage is $1550 with an HOA of $100. So now after reading a bunch here and listening to podcasts, I now know that I have nothing for vacancy, maintenance, cap exs, etc. We have been managing it ourselves which bit us in the arse with the first tenant. They were there for 3 years and destroyed the place. We took them to court and because we had no idea what we were doing, found out that our contract with them wasn't exactly correct and because we left a couple things out that by law here in MD have to be in there, we had to forfeit the deposit. However, we did get around $1600 of the $6000 we spent to repair the house. We obviously then fixed the contract and screened our next tenant the best we could and he has been awesome! Has OCD to the max and keeps the house better than I ever could! We actually have been paying the HOA out of our pocket since the beginning of this to try and keep that extra $175 in the rental account in case something does go wrong. I figured that out on my own before ever coming here! Props to me right!? Haha. Anyways, we do plan on selling this property once he decides to leave. He has told us that he doesn't plan on leaving within the next couple years, so we are just riding him out building equity until he decides to move.

With the backstory done, I am here to put in the work to start finding successful properties to buy and hold. I would love to be able to use the BRRRR method to get started because I do not have any money for down payments, rehab, etc. I do have a few ideas in mind to get private money if I find a great deal but that is my first step! I will keep this part short and just say it is nice to finally jump in here instead of lurking around! Look forward to discussing real estate with you all and becoming successful in the business!

Tim Vecchioni