New to bigger pockets

[Dave Connelly]

Hey all, 

New to BP, love the money show and will listen to the REI one on occasion too.

My wife and I have just paid off our New primary Residence (In cash) and are fixing up our first home for sale.

As we are 31 with a paid off home that is big enough to support us long term so with that firm footing we are going to start investing in real estate to supplement and eventually replace our incomes and the way will do it is thus;

-Save a 20% deposit- roughly 80k (the cost of housing here is high but the maths works well enough)

-use all tenant income and a good chunk of our working income towards paying down the mortgage aggressively.

-Refi, cash out and buy the second and third.

Based on the specifics two maybe three will get us to our goals and while there is a lot of leverage left on the table that could be seen as wasted it actually buys us a lot of time with our young family which is our why for getting involved in real estate.

[Dave Connelly]

Originally posted by @Justin Windham:

@Dave Connelly

Welcome to Bigger Pockets!

This is a great place to learn and network. A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.

Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/pro

If you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/blog/

The site has quite a few tools that can be helpful for new members. I like the search features: https://www.biggerpockets.com/search

 Thanks for the kind welcome-

Honestly I don’t anticipate much in the way of networking as I’m not even in the same hemisphere as you all- no worries though ;)