Hello BP members,
I have been in BP for 2 months, and thru Brandon Turner's podcast, he reminds everyone to introduce themselves in the forum.
My name is Ken, I am living in New York City.
I first encounter real estate investment in 2009, after bought the fist condo, with no knowledge whatsoever (A big lesson to learn). All over a sudden found out that the income and expense on the personal side just enough to break even, which means I don't have any saving personally. I am looking for ways to get out of this pressure by understanding more about investment, I don't like stock because it is too volatile to handle. Knowing my personality, I want to have steady gain in long term growth. I think real estate is better suit for myself.
I went to seminar regarding the wholesale, but in New York City everything is high price, it is not easy to begin with as I think. I gave up on this. Then I learned about tax lien certificate investment, the starting fee is low enough for me to get in, obviously because of the low input, even with a good return (12% or more), the profit is minimal. I have been actively participate on tax lien sales since 2012.
Now with a little bit more saving, I am into the buy and hold markets. I have researched Columbus, Ohio and Indianapolis, Indiana. I went for visit one month ago, and would like to get a goal to purchase at least one property by the end of the year. I am looking for turn key properties, and also trying to form a team around myself. I am trying to gain experience as much as possible.
I am looking forward to share my experience via BP forum.
