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Updated almost 6 years ago on . Most recent reply

User Stats

88
Posts
10
Votes
Deb R.
  • Central Florida
10
Votes |
88
Posts

Newbie, thinking to start rental business with current home

Deb R.
  • Central Florida
Posted

Greetings from Kissimmee, Florida. The name is Deb and I am thinking about becoming a RE investor by way of rentals maybe wholesaling. I'm looking at all things, but my husband and I are looking to move soon and are considering putting up the current home as a rental so that seems like a good place to start. When we purchased the current house, the market was crazy for the size we wanted which got us to looking at larger homes that needed more TLC, then in about ten years we could sell and use the profits to buy something that fit us better. Now we are thinking that we might try renting it, but it is in a HOA, even though I know others have rentals in the neighborhood it worries me. A Real Estate agent told me that we could try it for a while then sell in three years and not have to pay the higher capital gains, so that might be a nice trial but still I worry. I'm a worrier. Anyway, I've been doing a lot of reading about all the ways to invest in RE which brought me to BiggerPockets.com. Unfortunately, I not only have more worries but more questions, thankfully with a large dose of excitement. I am in search of any tips, tricks, and connections that this site may bring my way that might help to ease my worry and lessen my questions by increasing my knowledge 😊. I don't know what I have to offer at this time other than sandals on the ground for anyone looking to invest in the central Florida area, but let me know. Thanks for your time and I wish you all a happy day.

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