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Updated about 5 years ago on . Most recent reply
Hello, fellow humans.
I'm Justin from Orlando FL. My wife and I just bought our first rental property- good way to start the year!
I've been listening to Bigger Pockets podcasts for about 1.5 years now. After doing enough research, we decided to get in on it rather than getting lost in the endless cycle of over-planning.
I'm in the Army and we are remotely fixing and renting the condo out from overseas. No tenants yet, but that'll be fun from afar! After work is completed this week, the ad should be going up. Fingers crossed.
We're still thinking about what we want to do in terms of grand-strategy. Do we want to have many smaller properties? or resell and keep upgrading? The merits we've thought to both are: fewer properties = fewer tenants but more eggs in one basket; more properties = more diversity, fewer eggs in one basket, but, more tenants = more headaches. Has anyone here stuck to a particular strategy or have experience in transitioning from one to another? What were your reasons?
Will do my best to stay active on here- so much knowledge in this forum.
-Justin