All Forum Posts by: Ramon Penn

Thank you for the insight Frank. DTI will be done soon enough. I'll continue to work on the wife. She'll come around once she sees it up and running. You mentioned Foxwoods, are you on the Preston, Stonington or Ledyard side?

Right now the only thing that is stopping me is paying off some debt. Once my debt to income ratio is where I want it to be, then I’m going all in! I should be ready to go soon after the holidays. Besides that it’s getting the wife on board.

@John Albano that would be awesome! I will be in touch.

Good luck on all of you endeavors @Harrison Elenowitz.

Hello Everyone,

A little about me...

I go by Ray, I am a 38 year old homeowner, father of 3 and happily married coming up on 10 years.  Currently I manage a restaurant, which keeps me away from the important events/people in life, i.e. son's football games, daughter's b-ball games and my wife. I have worked for the same restaurant for about 20 years and frankly, I'm tired of running the rat race, basically living to work.  I want a better quality of time: time with my family, time to build a legacy, time to enjoy life as I see fit, not as an occupation dictates.

BiggerPockets...

I have spent over a 150 hours of my free time researching real estate investing recently. I'm completely hooked on the BiggerPockets real estate podcast, it's all I listen to now, absolutely obsessed! I view real estate investing as an avenue to time freedom.  I am elated there is a place to feed my yearn for knowledge from individuals that have experience in a field I am vehemently intrigued by.  Although I have been studying my butt off, there is nothing like good old trial by fire, or learning first hand on from an experienced individual, so I welcome all feedback, advice and mentorship, thank you ahead of time. 

Gameplan…

I am interested in building a plethora of passive income via multi-family rentals in Southeastern CT. Once established, I plan to expand into the rest of the Tri-state area. As of now the BRRRR strategy seems like a great fit for what I want to accomplish. Being a homeowner for a decade, I am quite handy, plumbing, electrical, carpentry, you name it I've probably done it around the house. Not to mention I have at least 1 relative in each of those trades will to lend a hand, so the first few rehabs shouldn't be that bad. I have equity in my current home plus some capital stacked for down payment and financing purposes. I was even considering a house hack for my first deal if the wife will go for it. Either way I believe I'm ready to get started, and I look forward to networking and hopefully collaborating with as much of this community as possible, for teamwork makes the dream work!

 I am excited to work with you all, lets win together!

Thanks,

Ray