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Updated almost 6 years ago on . Most recent reply

Newbie from New Milford, CT!
Hello all, I'm a new member from New Milford, Connecticut and I'm here to learn more about real estate investing. I'm primarily looking for buy and hold investments. I currently own and condo and we are buying a bigger house with an in-law apartment for my wife's parents. We are keeping the condo and renting it out, we already have several tenants interested. My in-laws are fronting the down payment which makes this possible.We will make about $300 a month from the condo.
I have also started listening to the BP podcast, starting at the beginning and picking any relevant episodes. I have about 50 more to get caught up and I've already learned quite a lot - save 12-13% of income for future repairs; when screening tenants, look at the cleanliness of their car; screening (tenants, contractors, etc) is a skill I will need to learn to be successful; and a few other tips.
Once we have our new house purchase completed and a tenant in the condo, I am open to pursuing further buy and hold investments.
Thanks for reading my intro post!
Most Popular Reply

welcome. Sounds like you are on the right track. Keep plugging away and keep saving.