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Updated over 6 years ago on . Most recent reply
90 Day Challenge Webinar
I want to thank @Brandon Turner for hosting the webinars; specifically the one around April 13 in which he proposed a 90 day challenge to buy the next property. I took this very seriously and told my husband it was on! We lost out on many offers (sometimes never even setting foot on the property) and looked at all types of homes in disrepair. Thankfully, I have a great agent who stayed the course with us. I'm happy to say that today (around day 104) we finally closed on our second rental property.
We decided on a move in ready townhouse that was listed for just under $100K and we plan to rent for about $1,000. For those just starting out, I recommend the webinars and the podcasts to keep you motivated. I have finished almost all of the podcasts to date and could easily listen to them all and keep learning. It takes awhile to figure out the financing strategy and what works best for you. Stay the course and remember the eventual goal and it will happen!
Thanks all for your dedication to this site; it is amazing!
Most Popular Reply
@Ken Breeze - thanks so much for the mention! I definitely agree that it is a marathon. If I can go back and do anything differently it would be to go back and purchase the other unit that was also on the market at the same time but we weren't financed for it. Since then, I received my realtor license so that I could open my own doors. I'm going full time in T minus 17 days! We bought another townhouse in April of this year and we're moving into it as a primary/downsizing exercise (low money down!). Our current primary will become a high end rental; which is new territory for us. It's been a live in flip for the last 4 years. We'll either hold if it goes well or sell but hoping for some appreciation. We're starting to look at apartment complexes for the next property in order to scale up and I want to learn more about different financing options now that I'm leaving the W-2. I attended Brandon's last multi unit webinar which was also helpful to see how he analyzes deals. I love how many avenues there are in RE; I'll never get bored!