I am such a newbie...

[Kellie Alkayam]

Hi everyone! I got sucked into a black hole of Googling on Tuesday, and found this forum. I started reading and reading, and before I knew it, I had listened to the first 3 podcasts, ordered some books, signed up for real estate school, and now I am introducing myself. That escalated quickly. 

I live in Denver, Colorado and I own one rental property, as well as my primary residence. My goal was to own 3 houses by 30, but I'm 31 and only own 2, so I am a little bit behind the curve. I have a great job selling diamonds and jewelry, so I don't plan to ditch that in favor of full time real estate investing, but I would definitely like to do more real estate on the side than I have been doing. 

I bought my rental in the summer of 2014, and it has given me a steady stream of revenue ever since. Since I bought my homes, real estate prices in my area have gone up dramatically, so I need to figure out what the heck I'm doing if I want to buy more property. At this point, I am hoping to use this forum as a tool to gain the knowledge I need. I have absolutely no idea what I'm doing, and I generally take a pragmatic approach to everything I do, but I realized that my cautiousness was keeping me from taking my next step. 

So here I am. I look forward to learning from you all, and I hope to meet some local investors. 

P.S. Sorry I didn't put my location in the subject. I tried to edit it, but it doesn't to seem to want to let me. :(

[Kellie Alkayam]

@Chris Lopez I suppose I got lucky this time. Usually my googling is highly unproductive!

I didn't realize I could set up keyword alerts - I need to do that. I have a lot of questions, and I suspect most of them have been answered on here many times over.

I will DEFINITELY have to listen to that podcast! It's awesome that there is so much information out there specifically about the Denver market.

Since I don't know the lingo, I'm going to guess on the type of numbers you want to hear, so...I bought it for $295,000. It's a 4 bed/3 bath, my payments are $1500, and I rent it for $2750/month. I have done really well renting it to Regis grad students, surprisingly.