Every time I come to bigger pockets I feel like buying a duplex or triplex immediately. We became landlords by mistake. We were expecting another child, had to get more space so we bought a house and rented out the other. It does not cashflow and we did not know anything until we got into that situation. The cash we get just covers the mortgage and taxes. That was a year ago. We intend to make repairs, increase the rent and sell it in the Spring. We have however learnt a lot over the past one year through bigger pockets and our own experience with this bubble gum on our shoes. So what is holding us back? I guess we are still self educating. We do not feel comfortable with the information we have so far and we haven't identified a good market. MA is too expensive. We have also been looking at NH. We have been saving and we could by a duplex in a market like Manchester NH or Franklin today but we do not feel like we have all info we need to make an informed decision.
Over the next few weeks one of our goals is to get a good agent with experience in MA, NH, RI and start identifying where to invest. I guess that is the next step. We are still newbies. This is taking too long!
