New Member Introductions
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Accidental Investor who sees the light!
Greetings Bigger Pockets!
My name is Gerald Barron and I am a quasi-accidental rental property owner who has seen the power of rental properties and wants more. To begin I'll tell you a little bit about myself and this will help explain why I say "quasi-accidental" rental owner. Long story short, I am 35, a former military member and a former law enforcement officer. After many years of back and forth with my wife and a steady decline in my health my wife and I decided I would leave my job in law enforcement and return to college full time. My law enforcement career was very demanding and I was away from home a minimum of 12 days a month...every month... We just didn't want to live like that anymore and so I left my career behind. After going back to school for a while my wife (obviously the brains of the operation) asked if she thought it would be possible for us to buy an RV and travel the country while I completed my degree. After researching the lifestyle and school prospects I told her, absolutely. So that is what we did, we bought a class A motor-home, packed up our dogs and we have been on the road for almost a year now. We have been loving it ever since. We spent the summer in northern Wisconsin and are now wintering in Ventura California.
This is where the quasi-accidental comes in. Neither one of us wanted to sell our house, we had remolded it ourselves and it is in a great location so we knew we wanted to rent it. What we didn't realize is how powerful rental income can be and all the benefits that come with it. Once the rent checks started coming in and we saw the cash flow I've been on a mission ever since to learn as much as I can. Of course, like most people, my research has led me to Bigger Pockets. I am learning new stuff every day and I definitely want to become more active in the BP community.
So to bring my story to a close I'll just throw out there what I am looking to do in real estate. I want to replace my former income and my wife's current income to become financially free. Once free we want to continue our travels in Europe without having to worry about working (normal jobs) if we don't want to. We plan on doing this through multifamily and single family cash flow properties.
Also, we plan on settling down next year for a little while so we can build our real estate business. We are looking at the Jacksonville or Orlando FL areas. That being said if there are any agents out there in those cities please feel free to contact me with your information I'd love to make some contacts in those areas.
Again, greetings to all
Attached is a photo of our home on wheels