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Updated over 7 years ago,
Hello Bigger Pockets
Hello Everyone,
My name is Erik. I'm pretty new to real estate investing and looking to get the ball rolling on growing my portfolio. I live in NJ but I'm looking to build the beginning of my portfolio in Daytona Beach FL. I have some history in that area and it's still affordable enough for me to get in and start learning by doing. I also have an accidental rental in NJ that is more of a rental of necessity that an investment property. I'm now eager to find a second deal in Daytona. I'm currently trying to figure out how I can finance a second property. On my first real deal I made a rookie mistake and tied up most of my $$ in it. I think its a good deal but I wasn't thinking bigger at the time and I could have spread the $$ out on a couple or maybe even a few properties. Not a big deal though. I just need to get a little creative and dig a little deeper this time around.
My current goal is to purchase 10 rental properties in 10 years and potentially retiring from my full time job at 55. That's about 11 and a half years from now. I have 1 so only 9 to go. Then there is always increasing my goal if things go better than expected.
Enough about me. I look forward to engaging with many other members, building new relationships, learning from everyone and sharing my experiences through this journey of real estate investing.