Single family house hack turned into a long term rental, looking for next deal
I was following the American Dream when I purchased my first single-family home in the quiet suburbs of Hartford, CT at the age of 24. I worked countless hours of overtime as a first responder to raise the capital I needed to purchase what I believed would be my biggest asset (this is before I knew about Robert Kiyosaki). The first three years of home ownership were humbling. The bills were due, everything broke, everything needed to be fixed and worst of all - it was all my responsibility. I began house hacking (before I even knew the true art of house hacking) and was able to cover $1,400.00 a month of my mortgage. This introduction to house hacking is what led me to the Bigger Pockets Real Estate Podcast. After immersing myself in the life changing reads of "The Real Estate Rookie" and "The House Hacking Strategy", I decided to make an unconventional decision and move into a family home and rent out my entire single family residence. My largest liability is paid for monthly, cash flowing $400.00 AND I have autonomy over 95% of my earned income at my W-2 job.
As I continue to listen to Bigger Pockets everyday, and desperately try to grasps all the concepts in "Real Estate by the Numbers", I am also scouring Zillow daily to inspire my next deal and taking classes to obtain my realtor's license. The fix and flip and the BRRRR strategies interest me the most. However, I lack a construction background and connections in the contractor world. I am a ruthless scholar and love to chat so please drop your best advice!