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

[Jake S.]

Welcome @Charles Poindexter!!

What sort of investing does your son do (which niche)?

What's great about restarting today for you, is there is so much available resources and knowledge available, that you can be a lot more certain of how to do things vs many years ago where not nearly the amount of knowledge was available!

It's awesome that you are getting back into it.

Would love to chat with you