Newbie with 1 Rental Property looking to learn, grow & give

[Matthew Cyriac]

Hey everyone, 

Stumbled into BP podcast and now the forum. 

About me: Living in Dallas, Texas in our primary and we rent out our previous primary in Denver, Colorado. That's the only rental property I have. Looking to learn more about how to get another rental and then some more. 

About the rental, it's a single family home I purchased . The current rent generates about $1100 beyond the PITI, so it's generating good cash flow. For the next rental, I plan to use a HELOC to get some equity out of that house as a down payment for the next. I dont anticipate I will get as good of a deal for the next rental as that rental - but you never know. 

Hopes & Goals: Moved to Dallas last year to be close to family and see the market to be pretty frothy here.  Also, since I am new to Dallas - I need to learn more about the market or invest out of state. 

• I plan to be a buy and hold investor (fits my personality and goals) and do not plan to do any fix and flips.
• No house hacking for me
• Not set on SFH or duplex or 4 plex - open to the right parameters. I think I lean towards a multiplex.

Professionally, I work at a fintech company and like my job. I work from home that provides some flexibility. Personally, happily married with 2 wonderful boys 2 and 1.  

Look forward to be an active participant on these forums to learn and hopefully to help someone else too. 

What advice do you have about  - 

 - investing in an area that I am new to or investing out of state. 

Matthew