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All Forum Posts by: Dennis Jervier, Jr

Dennis Jervier, Jr has started 5 posts and replied 11 times.

Post: First rental, now what??

Dennis Jervier, JrPosted
  • Chicago, IL
  • Posts 13
  • Votes 1

Congratulations Scott !

We're both new rental owners. I've had no regrets in the last 5 1/2 months.

Try to keep an emergency fund on hand for repair costs. In my case I've had about $850+  in repairs so far and that emergency fund really helped out.

I'm planning to buy another rental property next year to aggressively build a early retirement fund and college fund for our child.

Buy and hold and as time goes by you'll also find a mentor, someone who owns numerous properties , they can be very insightful for any beginner in realestate. 

I've already found 2 mentors and their advice is very valuable, so take notes. 

Best Regards, 

Dennis