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All Forum Posts by: Pam Blackman

Pam Blackman has started 2 posts and replied 5 times.

Ahhh....I see!  Makes more sense when you put it that way.  Thanks!!!

Originally posted by @Daniel Haberkost:

@Pam Blackman We are certainly on the same page there, I love living here too! 

And cash flow is only 1 of multiple ways in which rentals build wealth. In addition to the income, the property appreciates (assuming you buy somewhere that has population/job growth), your taxes are lowered substantially, and your tenants pay down your mortgage which adds to your net worth in the form of equity each month. Owning rentals is a more holistic, long-term approach to wealth building and is best paired with something like flipping houses/wholesaling/or a high-income job. 

Hi all - 

I'm have a newbie question.  Are we allowed to ask for referrals to contractors for a variety of things - even if for now it's for our own home?  I don't want to break any rules.  :)

Is there a resource list for preferred contractors that I might be able to get my hands on?  

Thanks!
Pam 

Wow!  Thanks for the welcomes!  

@Daniel Haberkost - I love the Springs. My husband, unfortunately is not a fan, so we moved. But I love it down there! As far as why I'm uncertain about owning rentals is because I haven't seen the logic. Everyone says the average income from each works out to be about $200/month. That's a lot of properties and what I perceive as a lot of headaches, even with a PM, to understand the value of it. I'm sure I'm missing something. :)

@Michael Glist - Nice!  Thanks for the invite to reach out if needed.  
@Dmitriy Fomichenko - Awesome tips to get started!  Thanks! 
@Jack Butala - I wish me much success too!  haha...  I hope you're safe with all the fires out your way.  Just unfathomable! 

Have a great rest of your week everyone!  :) 

@Jack Butala

Hi! I've been a member of Bigger Pockets for a couple months now, trying to absorb as much information as possible, and figure it's time to say hello!

I'm a 3rd gen Colorado native and so this is my home through and through!  I run a consulting business for small businesses and entrepreneurs in the information technology industry, and want to also begin investing in RE.  

I plan to start out slow and steady with wholesaling, get really good with that and build some working capital so I have a good foundation to then move into flipping and MAYBE eventually buy and holds.  At this stage, that idea just doesn't hit home with me even though I know that's the recommended long-term wealth strategy.  Maybe once I get going my perspective will change.  :) 

I look forward to building relationships and I am someone who loves to help others.  So while I may not be able to give much yet, I'll give what I can!  

Blessings!!
Pam Blackman