Lorena, Rental Buy and Hold Investor in Aberdeen, WA Grays Harbor

[Lorena Maurer]

Hi everyone,

I just joined the forums after listening to the podcast for about a year.

I really enjoy listening on long drives as I get so many ideas and "aha" moments. Sometimes I just have to turn off the podcast and let it sink in.

My husband, Matthew, and I have been investing in single family, buy and hold rentals in Grays Harbor County, WA. We both work in education. While we love our careers, we have a plan to become "work optional" within the next 7 years.

We currently own three homes including the one we now live in. We are looking to get a home equity loan to purchase either another single family or (hopefully) a multifamily building. We love the cash-flow and that is king. 

Our policy is to only rental homes that we would be willing to live in ourselves. This doesn't mean they need granite and hardwood but we think we should be making an improvement in our community as a primary goal of our investing. We want to be "great landlords" and with the emphasis on providing services and products that are superior.

We are currently looking to purchase something this summer or fall. I am hoping that might be a plex of some kind. We love to do a lot of the work ourselves. I haven't gotten my head wrapped around how the BRRR strategy works (but I want to because I only have a bit of money to use as a down and I want to recycle it!) or commercial or hard money lending.

So, I am here to learn and connect!

Lorena