Hello Everyone,
My name is Al and i am an absolute newbie when it come to real estate investing. I am trying to learn as much as i can about becoming a successful real estate investor and finding this network of real estate investors seems like hitting mega millions with the collective wealth of knowledge is incredible.
I currently do not own any properties but am very interested in starting my portfolio off by purchasing a SFH from MemphisInvest down in Memphis Tennesse. Since i am from NY they seemed like the perfect fit for me as they take care of the rehab and management of the property so I am pretty much hands off and from the looks of it day 1 i will see a small cash flow of about $200-$300.
My goal is to buy and hold and build a consistent monthly income. Now i have read alot about cash flow isn't the only thing to worry about but me being a newbie and lacking the knowledge its the only thing i know. How can i generate a greater monthly income using appreciation, or the equity in the house?
Where i am totally mystified is how to turn 1 property into say 50 without going into my pocket. what is your secrets?
Any help would be much appreciated.
Thanks,
Al
