Newbie from Northwest Ohio

[Eric Rosendaul]

Hey BP Community!

I've been listing to the podcast for the last few months, but recently shifted some focus in my life and have started to give serious consideration to RE investment.  I knew with this focus, I needed to check out the forum as well as the podcast, so here I am!

My wife and I are in the first stages of our investment journey.  At this time, we're working on paying off a few more debts (student loans and a car payment) but both should be gone this summer.  From there we'll be saving up for our first property.  We still have a lot to read up on and consider, and want to look at the numbers for our area, but the plan at this time is to focuse on buy and hold long term rentals.  There may be some buy and flips in the future, but those would be evaluated case by case and only after we have some additional experience and capital to play with.  We're also thinking about diversification into some AirBNB style vacation rentals in some nearby vacation destinations as well as some locations further away that we already like to travel to.  Right now, we're solely focused on buy and hold though and really want a solid cash flow before we start venturing into other avenues.

I already feel like I've learned a ton from the podcasts, and they've sparked a lot of ideas so I'm really looking forward to learning even more from the community as a whole.  We're hoping for our first purchase this year, but we're also having a baby in December so.... yeehaw!