New Investors from Hillsboro, OR

[Tim Southerton]

Hi everyone,

My wife and I will soon be launching into the wild world of real estate with our first rental property. We've lived in the house for the past 6 years all with the goal to turn it into a rental someday, and that day's fast approaching!

We're super excited to get started, and also a little nervous. I'm reading up on several books on the hold strategy and everything I can find online. We met with a couple of property managers but we think we're going to manage it ourselves, and may change our minds later on that or if we get multiple rentals.

Our goal is to build up to several (10+) rentals long term, building up cash flow and equity over time. If we could eventually move on from the 9-5 we will, but this will be our side business for quite some time. 

I'm researching around to find a good local real estate lawyer and CPA to work with. It sounds like I'll want to get the lease and all legal docs signed off by a professional, and we'll need some accounting help to make sure we're making the best moves financially. 

We're excited to get to know this community and interact with many of you on this journey ahead. 

Thanks for any advice you'd like to offer us!

Tim & Lauren

[Andrew Syrios]

Welcome aboard Tim and best of luck investing!