All Forum Posts by: Eric Pink

 Thanks for the positive vibes

 Michael,

Have you noticed that single family homes offer the best deals in the triangle area and that multi-familes just aren't prolific as in other locations maybe?

I'm thinking that this is a way of saying a good deal is a good deal and trust the numbers to sort of guide you. Wise words. I guess I sort of have this picture in my head of how the start of my REI ventures would play out, but maybe I have to be a bit more flexible.

Rookie here. I am about a month or two away from shopping for mortgages and I check the typical MLS sites and a few other local real estate sites daily looking for deals. My wife and I want to purchase a multi-family to live in and rehab for our first property. The problem seems to be that there are few quality multi-families in decent neighborhoods in the Durham area that we would consider living in. We are also open to purchasing a single family home and house hacking it, but I really like the idea of tenants paying the mortgage in the multi-family situation while you save money (from other job) and rehab. My question is how long should one wait to find their ideal property? I want to take action and not sit on the sidelines, but I also hear that you need to find your niche and stick to it. Any opinions? Thanks in advance.

Thanks for the Welcome!

Hi there everyone,

My name is Eric, and I find myself in Durham, NC after on and off travel for the last few years with my wife. I am a photographer by trade, but also work remotely for a cell phone company and take care of my 6 month old daughter! Over the last few months I have been brainstorming about creative wealth building methods and investment strategies. After a bit, I started considering REI as a vehicle for the capital I have and have been spending as much of my free time trying to absorb information off of the BiggerPockets site predominantly.

I am interested mostly in buy and hold rental properties and have been looking at duplexes and other multi-family homes, but the more I learn, the more I think there are just a bunch of interesting strategies out there.

Hopefully within the next 6 months, I hope to have reached a level of confidence and go-for-it attitude to make that first purchase (which I have already started planning, but that's my next post!). I just wanted to thank all of you for already providing a bunch of inspiration and knowledge to me and I hope to build some relationships on here as time goes by. Talk to you soon!

-Eric