New Investor in Virginia

[Jamie Vanek]

Hello, I'm getting started in buy & hold investing. My husband and I are very busy and considering using a property manager for our first rental. We live in a military area and hope to benefit from the high turn-over renters. Our long-term goal is to build our dream-home in 5 years and live comfortably with a single active income and small portfolio of passive income. Any advice is welcome.

[Erica Osborn]

Welcome!!! As everyone else said :) This is going to be a great base of knowledge for you to meet your re goals. Your goal seems extremely realistic and doable! Sounds like you have the right things in place to start, i.e. a plan, an agent, and a pre qual! Now it's time to find the time and which vehicle within real estate, right? Time being the hardest part! I started investing while working over full time, I get it.

Are you looking at single family houses, residential multi (1-4) units, commercial multi (5+ units)? Do you want your small portfolio of passive income generating assets to be paid off in five years? There are several meetups in the area (again finding the time is the hard part) which you can meet like-minded people who are doing the same thing. Nice thing is, you aren't the first to invent this wheel and learning from others who have done exactly what you want to do is the best way!!!! You are not alone in this journey.

There is a neat group on Facebook called Real Estate Investing for the W2 Employee, which is a wealth of knowledge and a bunch of people who are doing what you want to be!! A great place to seek advice.

https://www.facebook.com/groups/REIforTheW2/

Look for Jay Helms on here!! He runs the group.

Go get 'em!