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Updated over 7 years ago,
I love the bigger pockets podcasts and I'm totally new at this
New at this. Single mom, mother of two. Work full time, 3 days a week. Have been a landlord since 2009 when I moved out of a 2 unit condo I own. This condo has been very good to me and has made a lot of things possible that wouldnt have been possible on my salary/day job alone.
I recently came into some extra money. It's money that I want to preserve and even grow for my kids future.
Trying to decide between buying a few multis in a town/city I dont really know at all but is in close proximity to where I live now or buying a multi in a beach community that I know like the back of my hand. The beach community is very dear to me and my kids and buying a multi there could mean a tie to that community that feels far more meaningful.
The multis Ive been looking at are in the 250k range and with 20% down would net ~15-18K/year (30-36% return)
The beach community multi is potentially 850k and with 20% down would net 50K/year (30% return).
I keep hearing on the BP podcasts (which I love, Brandon and Josh are like the closest thing I have to like-minded friends) that the biggest obstacle to get going in RE is fear. So Im reaching out to hear from you how you moved past it?????
Can I do this? Can I take on a 4 unit property and make it awesome and brand it and build a dream????? Not looking for a mentor, just looking for other newbies who have recently taken the plunge. Im inspired by people taking action, really doing it in life.
- Jen Starr