All Forum Posts by: Michael Kellogg

As for the single family home as a rental I’m curious to learn more about how to do that profitably…I moved and kept my last house and I’m renting that out, but I have a 2.8% interest rate from Covid so that is easy. Like just look at short sales or super broken down homes snd fix them up?

1. not a bad idea, although I don't know a ton, I kinda want to be the one who's finding mentors beyond me at this point haha.

2. I do like that idea, my wife doesn't really have much, if any, buy in to this stuff at this point. Maybe she will at some point

3. I like the idea of apartments because you have a lot more units. More risk averse since you can have vacancy and not be ruined, more cash flow (probably), and it can more likely afford a property manager. I also just partially like the idea of multi-family properties

Hey all! My name is Mike. A couple things about me. I'm a software engineer (frontend web dev) working remotely in Berryville VA. I have a wife and two kids and I've recently gotten more interested in real estate as an investment. My goal is to own an apartment complex in the next 5 years. It's all very exciting but I'm trying to temper my excitement with reality…just like in the world of programming, I've seen countless numbers of people get excited about programming only to quit soon after once they realize the road is LONG. Since I've made that parallel I'm trying to find ways to not kill the "honeymoon period" but also set myself to survive and begin learning the skills I need to evaluate deals while I save up cash.

here are my main concerns:
1. I’m in the middle of nowhere. dc is like one and a half hours away. so it feels like there isn’t a lot for sale in multi family near me

2. I don’t have the time or autonomy to travel to see properties physically with the two kids 2 and under. Been looking at LoopNet and Crexi.

3. There’s not really any real estate investment groups near me that I can find 

Anyway, glad to be here and we will see where this goes