Hello, New Member here.

[Stephen Douglas]

My name is Stephen Douglas, I bought my first property June 28th 2017 with the VA loan, I am currently house hacking out of that. I am originally from Massachusetts. I still work in Cambridge as a Operations Manager for a security company. I am also in the Massachusetts National Guard, my 10th year anniversary was January 2018.

'One of the employees in the office actually recommended me the biggerpockets podcast (which I am now hooked on). He also let me borrow the book "THE BOOK ON Investing in Real Estate with No and low money DOWN" which I am currently reading.  

As of right now I have no plans to quit my W2 job. My short term goals right now is to purchase 2-3 more multifamily properties in the Woonsocket area (I am also looking in the Cumberland, Pawtucket, Providence areas) by the end of 2019. Right now I am making offers on my second property and hoping to hear back this week from one of them. Long term, I would like to just keep buying and holding, I would like my W2 job to be a supplemental income with my real focus being in real estate, and if I do decide to quit my job, that will hopefully be a realistic option on the table. 

[Stephen Douglas]

@Fan Bi The driving factor has been the cost of buying multi-families. I just had an offer accepted last week on my second property. I can not remember what the cash flow numbers are, but the mortgage will be about $1500 with insurance and taxes, and my rental income will be $2650. So it is cash flowing. The tenants are long term so I would like to keep them, actually running into a problem with that. 

I also just did an open house for my upstairs unit in the one I house hack. Moving forward with one of the tenants today. If everything goes according to plan, then my rents for that apt will be $200 higher then what they were before (1000 - 1200) . So overall it just comes down to, I can afford it, and the rental income is pretty good. It is not the 2% rule, but I am somewhere around the 1.4-1.5% rule I guess.