Updated about 1 month ago on . Most recent reply
Tom Hales - investor - new jersey
Hi All,
I would like to thank biggerpockets for giving me the tools and confidence to get started on this journey. I have listened to countless books and podcasts from dave, scott, mindy and henry. i gained the knowledge i needed to get started. Its going to take off from here i can feel it.
i'm about to close on my first 1031 exchange. I sold a two family and purchased a three family. Its got tenants so we will let them rent for a while to build up cash. My goals are to:
set up my next purchase either a 3 or 4 family,
get cost segregation study done on new 3 fam.
use cost segregation write off to convert pretax ira to real estate investments
aquire 4 rental properties 3-4 family. Hold for 10 years. Plan to renovate. Buy in nice neighborhoods.
Good luck fellow members. I hope to get more involved over time and attend the events. When i make it big i will go on podcast.