On the BP Blog 5/15: 3 Key Factors in Buy and Hold Real Estate Investing Success

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Mike V. Moderator

St. Louis, Missouri

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I started investing in RE in mid '07, fortunately I started off slow (only 1 deal in the first year) and found BP quickly. Since then I have been rehabbing SFRs and reselling or keeping as rentals. I still work a day job as a mechanical design engineer and am continuing to look for additional streams of income.
I'm married with a 6 year old, 4 year old, and a 2 year old.

Experience

I have purchased 2 building lots way back in the 90s and then nothing till '07 then 3 REOs, 2 HUD, 3 estate, and 2 short sale. I have never paid a penny to a guru but have gained all my knowledge from BP and from doing it. I hate to lose money so I learn my lessons pretty quickly.


Real Estate Goals

Source of primary income in 2 years (2013). Create a work environment that is more condusive to family life. I don't mind working a lot just not always in a rigid 9-5 schedule.


Currently Seeking

Single Family homes in strong stable areas to flip or keep as rentals. Particularly interested in homes that have room to build on/up or locations that are prime for infill building.


Occupation

Rehabber

Markets

St. Louis


Deals & Holdings

8 Flips 2 Residential Units

About Me

Began Investing April 2007
Member Since January 13, 2008
Website

Statistics

Last Active about 1 month ago
Forum Posts 188 posts
Referrals 0

Comments (1)

Comment_thumb_avatar-biggerpo

Micah - I wanted to wish you a Happy Birthday from the BiggerPockets family, and thought I'd also welcome you to the site. See you around!

03:20AM on January 16, 2008 · Joshua Dorkin