All Forum Posts by: Justin Heitter

I bought my first rental in late 2002 for $2,900.00. Rehabbed it, and rented it. Still own it 15 years later. My 2nd rental cost 12,500.00, the third cost $6,000.00. I have pretty much always been a:

Buy cheap distressed properties

Fix them up

Rent them

We have also done some flips. Do not any more-we keep what we buy.

It's a fairly easy system for me.

We have grown to around 50 single family homes and 40+ multifamiliy units.

I was 43 and debt free when I bought my first. I am in debt now but have lots of book equity. I am a retired accountant and have a construction background.

I am not sure that anyone should do what we have done ---- it has been a lot of work.

dang thats impressive!

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this was an accidental post, the other one is the real one

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I am very close to buying my first property In Coeur d Alene Idaho. It is a very nice duplex that was built in 73. It is an owner occupied property(me, I am house hacking) The kitchen is very dated so I will be doing some upgrades. I put in my offer today for 315,000. I have not been at my job long enough for my overtime to count so I have to wait 6 months to get financing. The seller is going to carry the contract for me for the next 6 months. My goals are to pay this thing off as quickly as possible, while looking for more like it. I am excited to begin my real estate career.

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Tglad juuuiu

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I've only listened to one. The guy spent more time talking about how many shares he was getting than actual content.

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I have a similar plan. They talk about this topic almost daily on the podcast. One guy got his license so he could avoid paying $50 grand to an agent on a million dollar property he wanted to buy. I work for direct tv doing installs, and I met a guy who does tons of flips. He was using an agent and that agent became the "top producer " in our area. The flipper realized he didn't need the guy as much as e thought(he was the reason the other guys numbers were so huge). He got his license and started saving tons of money.

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Ok thanks! I don't necessarily want to be a whole saler. But I think lists would be a cool way to get going anyway.

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Wow I appreciate that. So the bigger the cap rate the better. Still a little confusing but I'm figuring it out. And as far as my Jeep goes. I only owe 8 grand on it. But I have a Honda Accord (which may require me to throw money at it occasionally). But I also have a (paid for) Ford Explorer, that I wrecked last winter. (Hit some ice crashed into two parked cars with a combined value of $800). I think I should be able to get it fixed and get out from underneath the Jeep.( $250 monthly payment, plus a $100 full coverage insurance). I'm working 2 jobs right now and I am in attack mode on credit cards. Thanks for responding to my posts guys now I don't feel like I'm yelling at wall.

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Thanks for your help. There's tons to learn and just want to get it going.

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All Forum Posts by: Justin Heitter

Justin Heitter has started 24 posts and replied 51 times.

Post: My first Property (duplex house hack)

Post: My set for life plan

Post: My first Property (duplex house hack)

Post: My first Property (duplex house hack)

Post: My first Property (duplex house hack)

Post: Survey: Tell Us How to Improve BiggerPockets Webinars

Post: Newbie Post: Get a realtor license or not?

Post: How to find real estate lists?

Post: My set for life plan

Post: Im new to this platform, just trying to figure it out.