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Updated over 5 years ago,
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!