@Griffin Fehrs, thank you so far BP has been a great site for learning...so much info. Congrats! I can’t wait until the day I get to walk across that stage. I looked into the real estate program and it is excellent, but I really have a passion for personal finance/money management.
@Rob Brautigam The podcast have been fantastic!! OK BP I said it first..You guys need to be on XM radio!! BAM!! I would love to tune into so BP podcast during my morning drive. For now its cell phone and earphones LOL. Only market I’m familiar with is New London, I willing to look at any market with help.
Ok so to be honest I became an accidental investor. I originally purchased my rental as my main home under the assumption I would remain in the area for awhile. Then the Navy sent me to CT so I had no choice to put it up for rent. It’s been great! Maybe I have been lucky b/c I have had the same tenant in the property since 2011 and the pay on time every time! Much credit is due to the great property management company that handles everything including rental screening for a very reasonable fee. In my experience I have found that if you treat your tenants with respect and ensure that all reasonable repairs are completed in diligent fashion people have no reason to go. After finally refinancing the unexpected cash flow has been great!
So as an attempt to intentionally enter the world of investing I’m looking to purchase another property that will produce great cash flow. With the cash flow Ill either build equity in one of the homes or save for the next property.
sorry if i missed anything
-- Daniel