4 months in RE Investing

We are four months in to real estate investing career. With the new year I wanted to update the blog. One of our goals (my wife & I) is to purchase another rental property in 2019. We are looking for a minimum of $200 cash flow but of course more is better. We are open to another single family dwelling or multi-family with 4 units or less. Open to either option as long as we can get some cash flow. We plan to refinance the current rental and hopefully pull about $10,000 out for our next one.

The property has been a good learning process for being a landlord. I am learning to be a handy..ish man. I think it's critical to know local people in the area that you invest in and network for relationships. For example, one of the tenants is a landscaper and operated the equipment for me when I dug the drain. I made sure to pay him for his help which literally saved me hours of time and frustration. A plus of still living close to family was using my Dad's workshop to build the new well house. I have made connections with local contractors in the through working in the real estate business. It's great to have a personal relationship with the community in order to stand out from the hundreds of phone calls these guys and gals receive. 

We are trying to enjoy the process and stay on the grind. We are stashing money away, side hustling, self educating, and trying to stay focused. Our goal is to have $3,000 of "passive" monthly income by the time we are 30. That gives us another 5 years to chip at it.

Thanks for reading and make sure to contact me if you have. any questions.