New to Bigger Pockets

[Charles Poindexter]

Greetings and salutations everyone. Just moved to the Orlando area recently from Tennessee. I'm an old guy living on a comfortable retirement. My son got into real estate 3 years ago and I became fascinated with the idea of investing through conversations with him.

I owned 2 rental houses many years ago but I did not understand property management so I sold them and got out. I have also bought houses, lived in them and fixed them up and sold them at what I consider to be a good profit. My last house that I bought in Tennessee I paid $70K for it, It was distressed and had been foreclosed on. I put another $72K into it, lived there for 7 years and sold it for $300K

I bought my first house when I was 19 years old. It was long before the due on sale clause came into effect so I assumed the seller's bank loan and they took a second on their equity. That transaction established  my credit rating and my credit has been excellent ever since.

I have been reading books, listening to podcasts, watching videos and trying to become educated about real estate investing. I wish I had all this information years ago when I had my rental houses. Hind sight is 20/20