Eager Beaver from Suwanee, GA

[Marc Ferguson]

Hi, I'm new to real estate investing and I'm super excited to jump in feet first. I'm a 41-year old software engineer and my name is Marc Ferguson. I'm a father of three (two in high school, one in middle) and married to one of those sensible Canadian women. I read the Rich Dad, Poor Dad book and I'm amped about acquiring assets. My goal in investing is to acquire rental property so that I can quit my job and work on my other passions in life. I'd like to reach that goal soon so that I can enjoy traveling the world.

I found BiggerPockets after searching something real estate related on the Internet. I was impressed with their web site and found their arsenal of podcasts. They are now in my daily rotation of feeds and I've recently become a pro member. So; I'm looking to take full advantage of this platform.

I have one rental property (single-family home) and another townhome that me and my family live in. I did the rental property without knowing anything about real estate investing. It was a townhouse we lived in, then when we moved we kept it because we knew renting it out would be a good financial move for us. It was on the market for a while; finally we were introduced to a property manager and they've done a great job getting tenants and managing the property.

I'd like to build wealth through passive income and I'm now teaching my kids these concepts that I wasn't taught. Hopefully they'll get started in this game earlier than I did.

I'm not sure what my next steps should be. I played around with the rental property calculator so I have a rough idea of Cash flow and CoC ROI. I want to do a dual plex, but I'm unclear what to do next. Thanks for any advice.

[Holly Barrett]

Determine your budget, identify locations of interest, get a realtor to set you up on searches for those areas, run #s on properties that pop up you like, establish desired returns, when you find a property that fits them, make an offer!!