Newbies first rental property

[Nevin Ashley]

I just closed on my first rental property two day ago and just wanted to share how I got to that point. I have been studying and listening for couple years and finally motivated myself to dive in and take action. I've been a professional baseball player for 12 years (Most in the minors) and suffered a concussion this spring. But in the midst of it all it got me motivated to take action on my next career. 

I have an amazing broker and she started sending listings. I became a pro member and just narrowed down the areas I wanted to concentrate on in my hometown of Evansville, and analyzed them. I mad four offers and the last property we struck a deal. Although the underwriting on the loan process was a pain cause of my occupation and how crazy different it is we closed. I'm looking to get $1500 combined on the units and cash flow a little over $400 with a 15% ROI.

Without the knowledge and the help from Bigger Pockets I might have never started, but now I'm pumped for what's next. 

[Derrick E.]

Congratulations on making the move. Feel free to hit me up if you want. I'm fairly new myself (4 properties.) I know the transition is tough. I played football in college, a little Arena, Canadian, and bounced around to a few camps and tryouts with NFL teams but never made it. From there I most recently was coaching football in the ACC. Just starting a family, my wife was ready to settle down for a while and didn't want the life of a college coach's family (for now.) So I decided to finally dive into REI after years of researching and wanting to. I'm loving every second of it and I am so much happier (less stress) than I ever was before.

REI is my new passion and addiction, maybe it will become yours as well.