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Updated over 4 years ago,

User Stats

8
Posts
4
Votes
John Boyorak
Pro Member
4
Votes |
8
Posts

New to investing, hello from Maine!

John Boyorak
Pro Member
Posted

Hello everyone from Maine!  During this very unique social environment, I have had a lot of opportunity to think about what I want in life and the direction that it's going.  I have always known that my 9-5 would never lead me into financial prosperity and the social environment going on now has reignited my drive to remove that from my and my family's life.  After looking at many paths to reach my goals, real estate investing appears to vehicle that is going to take me there!

I currently have a single family home that I am renting to a family member.  It used to be my old home.  I did make a mistake at renting to family, but I have the lease work out to break even on the property(tenant pays for everything including repairs, taxes, lawn care, ect).  There is a large garage that I retained use of and have a plan on storing vehicles at for the winter in, which I estimate will net 900-1200/year.  I plan on using the equity in this property to help finance a multi-unit.

I am on here to learn everything I can about this world.  I know how important networking and finding the right tools are, and I hope this forum can help me find what I need.   I am extremely excited about all of this, and I am sure I will be asking a lot of dumb" questions while I learn how to be successful in this field.  Thank you everyone in advance for your help and patience!

  • John Boyorak
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