Updated about 12 years ago on . Most recent reply
Confidently Unconfident in Phoenix
Bought a single family rental 2 years ago. The jury is still out on whether I bought the house or stole it...lets's just say I got a great deal. I managed the property myself with no experience and the internet as my mentor.
My first tenant was a nightmare (on paper) and in real life, but I didn't care. I was just excited that someone wanted to live in the house and mail me money every month on the 1st...errrr the 11th...or the 22nd. About 3 months in I was wondering if the lease agreement was written in invisible ink.
Needless to say...I learned a lot. Moved on to another tenant who was wonderful. Continues to learn and grow until the equity grew to the point I wanted to cash out.
I'm interested in flipping to fund buy and hold properties.
Apologize in advance for the long posts...I ramble and I find myself amusing. You've been warned.
Can't wait to soak up all this great info and look forward to the journey. Pot holes are ok...hoping to avoid the sinkholes!
Most Popular Reply
Welcome to BP. I love your writing style. It's funny.
There is a lot of discussion here about finding a mentor. I wrote a pretty popular blog post about the subject. But I wish more people understood you don't NEED to have a personal mentor to move forward. There are plenty of resources to learn from, including your own experience. - Ned