All Forum Posts by: Michael Laidler

I agree with Ed. Having your own real estate license will save you a ton of money in the long run. Just think: you can save an easy 3% doing the paperwork yourself. If I am not mistaken, the idea of having your own real estate license is addressed in one of the podcasts that aired in the summer.

I agree with @Daniel Miller about Spring Hill. I recently moved here about 4 months ago and the market seems to be slow (older families and not many attractions). There are plenty of houses I see that are foreclosed for well under market value. You could invest in these homes for your personal benefit (retirement community) but I would not be excited about using them for real estate investing. Possibly keep a few around but look in other markets as well.

I, technically, started my real estate career in Texas where I moved from two months ago. I rented out my primary residence last month. I did not intend on making money from it but it is working out until the current tenants get good enough credit to buy it. I am making about a $300 profit (not including maintenance fees).

Thanks for all of the welcomes. I will try and make my way over to Orlando for one of the REIA meetings.

How did it work out?

Thanks, I appreciate it. I planned on attending a few REIA club meetings when my work hours allowed it. Before using this website, I did not think real estate was big in Spring Hill. A quick search revealed 10+ BP members who are linked to Spring Hill.

Hey community,

My name is Michael Laidler and I am newbie from central Florida, specifically Spring Hill area. Although I have been listening to the Bigger Pockets podcast for the past three months, I have not bought or put in an offer for any real estate property. I have no real estate experience. I have always had a desire to be in real estate but I have no family or friends who are involved in it. My hope is to own rental properties in addition to having a full time job. My long term goal is to have enough rental properties that provide enough passive income to last for decades. I want my son (only child who is 4 months) and wife to never have to worry about working (they will work but enjoy what they do).

Through my own marketing (Facebook), I got renters in my house who plan on buying it once their credit is better. They signed a six month lease but they hope to get credit approved before that. I told them if they do not buy the house after the six months, I am going to put it back on the market while they live in it month-to-month.

This is what she made:

This is the link from the MLS:

http://lbr.paragonrels.com/publink/default.aspx?GUID=dada6055-0428-4503-910d-a7bef5049cc2&Report=Yes

The price has been reduced to $148,000.