Newbie from Akron Ohio

[Joe Forte]

Hello BP World!  

I have lived in the Akron area my whole life.  I currently live about 1/2 hour south-west of Akron.  

I have worked in IT for the past 26 years in various positions, with the most recent as an IT Infrastructure Project Manager.  

About a year ago, my cousin tried to recruit me to join her as a Real Estate Agent, and gave me a book to read "The Millionaire Real Estate Agent".  I skimmed through it, and decided "this isn't for me".  Then I bought "The Millionaire Real Estate Investor" book.  Although it was 15 years old, it peaked my interest.  Last summer I started scouring the web and YouTube for more information on Real Estate investing.  

I subscribed to several YouTube Real Estate channels, and joined a couple REI Forums. Then I joined BP in August and I was hooked!!! I bought 3 books from BP, including BRRR, which I didn't read until after I closed on my 1st house.

I almost signed-up with a turn-key company, but instead bought my first house 2 months ago with a conventional mortgage (20% down), fixed it up, and just placed a tenant last week. During the close period, I discovered BRRRR!!!! I read the book, and I found a podcast on BP (Episode 301 with Alex Felice) that blew me away. I listened to that over and over while fixing up my new investment. About 4 weeks ago, I bought my 2nd investment property with cash. After closing on my 2nd house, I used the knowledge I gained from Andrew Postell's post on "How to: Cash out 1-4 unit Property", to convince my mortgage broker to do a rate-term refi once I finish my rehab on my 2nd house.

He was skeptical at first, but ran it by his underwriter, and they agreed - I had found a legitimate "loop hole" to pull out my money and refi my mortgage with my LLC. So in January, I plan to place my 2nd tenant, pull my money out, and start on my 3rd investment property.

My goal is to have 6 single-family homes by the end of 2020, get to 10 in 2021, then who knows...

Thanks BP world!!  You helped me find my way and my why!!

Joe Forte - BP Pro member for life!!!