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Updated over 8 years ago on . Most recent reply

User Stats

207
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267
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Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
267
Votes |
207
Posts

Just getting started and have a few questions

Johnny Quilenderino
  • Real Estate Agent
  • Slidell, LA
Posted

Good afternoon, I am Johnny Quilenderino, I am approximately four years from retiring and would like to start up a real estate business.

Rental and Mortgage Situation: I currently have two rentals and a primary mortgage. One rental we are upside down on and not making a profit yet, the other I am getting about 200 dollars a month back. I have to move in two years so my current house I will eventually rent and that will be a third rental property, I estimate that I will get 200 dollars a month on this home also.

I have 40k to invest as of next month, and by June I can save approximately 2k a month. I am looking for more rentals and attempting to get to 2k a month back after the 50/50 rule. I am looking for ideas, ways to get three more properties by the end of the year. I am looking at SFR and Townhomes without HOA or Condo Fees.

I am living in Virginia Beach and I have been studying the area for the last two years to get acquainted with homes.  

Thank you for your time and patience.

Have a great day.

Johnny Quilenderino

  • Johnny Quilenderino
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