I am new to Real Estate investing and looking to start with my current primary residence. My family is outgrowing this house and we always planned to sell this one and buy a new house. Until I stumbled onto Bigger Pockets. I have lived in the home for almost 5 years and built some good equity. Based on my rookie analysis I came to the conclusion that this single family 2000 sqft home has rental potential. It's not outdated and no major work is needed besides aesthetics. But most importantly, I live in an area that is in an uptrend. It's close to elementary schools, hospitals and the military base. And based on similar homes that rent in my area, the cashflow potential is there. However, I need to refinance to get a better rate and lower my monthly payment to produce more cash flow.
I am currently doing my coursework for my real estate license. I am mostly doing it for the knowledge as I am very new to this. Even if I never make a single commission, I still win because of the knowledge and connections I will gain.
I'm sorry if I'm rambling too much. I am just so happy and excited to have found a place like the Bigger Pockets platform to share and learn from others. I am new to this and I hope to one day contribute on here. Just reading previous posts and forums, I have already learned so much. If you made it this far, thanks for reading.
