New to BP

[Albert Yamoah]

Hi BP, I'm Al from Dallas, Texas, and this is my first time writing on the forums. I am super excited to finally get on here and introduce myself. I would like to connect with an experienced mentor to learn more about real estate investing. My wife and I began studying real estate about a month ago after being asked to read The Richest Man In Babylon. After reading this book and several others, we set out to begin buying assets. The cornerstone of our strategy is to obtain rental properties for cash flow. Let us know any suggestions. All advice welcome. Thanks. AY

[Brett Russell]

@Albert Yamoah , you've found a great resource to get you moving toward your stated goals.

Absorb all you can, engage and also network at local REIA groups.

When you start looking at properties, don't fall into the trap of thinking the only expense is the mortgage payment... you need to account for property management, vacancy, maintenance and future capital expenditures among others. Only if the rent can cover all that stuff too can you start to consider it a cash flowing asset.