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Updated about 5 years ago,

User Stats

10
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0
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Andrew Tegeler
  • Investor
  • Richmond, IN
0
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10
Posts

Blue collar investor

Andrew Tegeler
  • Investor
  • Richmond, IN
Posted

Hello I am a blue-collar investor! I currently work as a pipe welder kind of a local union hall.  I have always been in construction from the time I was 15.  I dropped out of high school my first day of ninth-grade . But went back to get my g.e.d. Besides welding I also  besides welding, I am also a in organic farmer. I sell to the local farmers market and have plans to have a CSA.

Real estate experience:

 I bought my first single family  rental property for $9000 cash at now brings in a monthly income of 550 then pulled a line of credit off of that house and purchased a duplex that had a single-family home on the same lot for $14000. I put $20,000 in repairs into the  property  and I rent it for a total of $1550 a month.  Shortly after purchasing our second investment property I opened up a construction business and ran a successful business for five years.our main focus was high-end kitchen and bath remodels. 

 Investment goals:

 My goals are to sustain my lifestyle.I love to farm,but farming does not pay the bills.so, I would like to have enough rental properties to get out of the rat race and farm!  My plan is to have at least 35 rentals. I have been looking a lot into purchasing a portfolio rather than buying each property individually.  I do still plan on doing all the maintenance and management myself.  I'm very thankful that I found bigger pockets and the wealth of knowledge that is here.

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