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Updated almost 8 years ago on . Most recent reply

User Stats

9
Posts
5
Votes
Gary J.
  • Salem, CT
5
Votes |
9
Posts

Aspiring Investor in Eastern Connecticut

Gary J.
  • Salem, CT
Posted
Hello BP! My name is Gary. I have always had a dream of being a real estate investor, but until I started seriously looking into what it takes, I thought my goals were unattainable without massive cash reserves. After browsing bigger pockets forums and listening to the podcast for the last few months I realize that my dream is quite closer to me than I previously assumed. My craving for knowledge in this subject has yet to subside. I am interested in buy and hold investing, mainly for the monthly cash flow, but I am open to other REI techniques as well. My plan is to buy a multi family in my area using FHA or 203k, and live in one of the units while we (my girlfriend and I) become accustomed to the managing aspects/landlording. And when we are ready, execute the BRRRR strategy with plans to repeat as many times as we can. For now I am here to gain knowledge and possibly connect with people from my area. I will not be ready to find a deal for about a year (just signed new lease on my current living space), allowing me to save even more. Any local events, tips, or contacts are appreciated! Thanks- Gary

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