Real Estate Investor · Snellville, GA · Member since 2014 · 8 posts · 2 votes
I'm thawed out and ready to go. I'm really excited about learning from this community. I purchased two rental houses 7 years ago and still own and manage one of these properties today. I have been pretty much out of the game since then and I am so ready to re-engage, increase my knowledge and meet other investors. I found biggerpockets in a web search and I am so glad I did. Here's to new begginings!!
Yes here is to New Beginnings @Pauline McCalla ! Welcome to Bigger Pockets, your experience with the two properties, one that you still have will help many people here as well!
Yes here is to New Beginnings @Pauline McCalla ! Welcome to Bigger Pockets, your experience with the two properties, one that you still have will help many people here as well!
Hey @Pauline McCalla Thanks for introducing yourself! It's great to have you here! Don't miss The BiggerPockets Podcast - they are great for learning how others are finding success.
Oh - and be sure to set up some Keyword Alerts- especially for "Snellville" so you'll be notified when people mention it here in the forums.
Welcome to the site @Pauline McCalla! Also, welcome back to the game :) It's great to see that you're having a good experience with your current rental and KNOW that you want to add more to the portfolio.
You might find this video interesting for evaluating your future deals.
How does this 50% measure up against your experience of expenses over the past 7 years with your rental? I'm curious!
Thank you @Rodney Walker , @ Brian L , @Ryan Steele for the welcome. I started reading through the beginner's guide last night and plan to hit the books again tonight.
@Brandon Turner - Thanks for the tip on the keyword alerts. I completely missed that when I was setting up my profile. I scrolled through the recent podcasts and see so many that I want to listen to. Guess I'll be spending a lot of time on this website.
Thanks so much for sending me this great video. I had no idea there was a bigger pockets you tube channel. I will definitely use these guidelines in evaluating future deals. I don't know if this rule should also be applied to single family homes but my mortgage payment was way over 50% especially on the property that I sold. I'm paying about 65% of income on mortgage now, so I am not operating within these guidelines. The original deals were just bad, the real benefit to me is on the taxes. I have a positive cash flow on the current rental but the margin is slim.
Hi Pauline, and welcome to BP! I’m a ‘fix and hold’ investor from the Bay Area in CA, and loving it! But you’ll find a variety of every type of investor on the site, and everyone is amazingly helpful. Some pointers for you: The "Learn" link across the top navigation bar has lots of great info, and so do BP members! You can click on the ‘vote’ button if you like someone's post or is helpful, and there are ‘awards’ to earn on your profile. And you can tag people by typing @ before you type their name, then clicking their name at the bottom of the message box. Welcome to the site, and good luck in everything!