Hi BP Family, 

Just wanted to put some good vibes out on BP... I had been trying to get into real estate investing for about 7 years... always working in real estate tech companies to try and learn as a vendor. Had been sitting on the sidelines so long but finally after discovering BP I learned the lingo, started listening religiously and boom, within a year I have my first deal. It's not the 100 unit mf of my dreams but it's the first rung on the ladder and boy it feels great! 

The deal: straightforward Florida SFR rental for cash flow: $135,000 with 20% down - $1250 expected rent. It's been so useful going through the process.

My plan is to wait a year to get the schedule E form, then FHA house hack a 3/4 unit with 3.5% down. I'm going to get a 203k loan to force some appreciation and command higher rents and then should be at 4 or 5 units. Then while, not paying any living expenses, I will funnel my income streams and a hard money loan into my first BRRRR. I want to get 10 BRRRRs under my belt before eventually raising friends and family money to start knocking these out.

The journey to 100 units... shooting for 5 years. 

Wish me luck! And please, any feedback or devil's advocate welcome.