New Investor from Augusta, Maine

[Rylee Knox]

Hey BP Nation,

I am excited to be joining BiggerPockets to build connections and learn from experienced investors. My fiancé and I bought our first property in October as an owner occupied, 3 unit home. We spent roughly $3,500 on renovations and put quite a bit of effort into screening for good tenants, which was well worth it. Both units have been fully rented for the past 6 months and we are glad to have stepped into the world of real estate.

We would like to expand our network and acquire two more properties by the end of 2018. Our strategy is to purchase buy and hold rental units in class B neighborhoods in central Maine. We both have solid, steady incomes so conventional financing seems like the best route to take at this stage in the game. We would love to hear any advice that you have to offer on acquisition, financing, property management, etc. 

[Rylee Knox]

@Grant Rothenburger Thanks for the warm welcome. In order to avoid any confusion, I am not a military service member. The uniform that I am wearing in my profile picture is my school uniform. I am a graduating senior at Maine Maritime Academy. I am in a regimented program that is authorized to wear navy uniforms. It's a little bit complicated, and I promise you are not the first to assume military service. I am always careful however to place honor where honor is due. I am so thankful for all of our service members that sacrifice to protect this great land of opportunity.