All Forum Posts by: Andy Gerry

Thanks, after doing some research I see the #'s aren't as favorable as I thought, with the 50/2 rule, I am in MA so very few houses fit this mold, but maybe by year's end if the market continues to dwindle there will be some good houses

I also see I have overshot the amount of money that a rental investment would bring in, talking only about $100-$200 in profits / month, vs what I assumed would be closer to $700-$800.

Still I think it will be worthwhile, if I moved in with my parents, I would probably make sure to help them out, with house / yard work, etc... I am the type that always has to have something to do. Part of what appeals to me about real estate investing is that it is 'real work' , you can get results if you play all the variables in correctly.

Hello everyone, I am a motivated beginner with some questions about getting involved with real estate investing.

Right now I am renting from a landlord, don’t own a house, I am putting together about $20,000 in profits every year from my job, that I am only now thinking of what I can do with it, instead of waste it.

Since I don’t even own my own property yet, everybody says I should I buy a property for myself first, but I'm thinking I can move in with my parents rent free for 2-4 years, and focus only on investment properties in this period of time. Assuming I can put down a down payment every year, that is 2-4 houses / year, by then I would be making a solid enough stream of side cash to buy a starter home for myself.

Is this plan realistic at all? My dream is to own 10-20 properties before I am 40, by then I would have the cojones to be able to handle this workload. Since I am a workaholic, and currently work from home, seven days a week in my own situation, I feel I can do this and it suits me well. Thanks for your advice, please set me straight if anything I said is silly or unrealistic.