New Investor from Cary, NC
Hello, BP!! I wanted to drop a quick note to introduce myself to the BP community. I've spent the past few months devouring as much BP content as I can. The guides, articles, and forums have been great. I have also been burning my way through the podcasts, as well as several of the books mentioned on the site and in the podcasts. I am very glad to have found this amazing resource!
I attended UNC-Chapel Hill undergrad (Go Heels!) and live in Cary. I don't have a lot of real estate investing experinece yet, so am still neck deep in my education phase. My wife and I have set an initial goal of buying one single family home a year for the next ten years. I'd like to find that sweet spot of positive cash flow and appreciation potential. Our plan is to use the passive income to supplement our retirement. I'd also like to include our children in the business and teach them about making wise investments at a young age.
I have started looking at single family homes in Raleigh and surrounding areas (Cary, Apex, Garner, Wake Forest, Durham, etc.) and am learning that the market is very tight for good SFHs at a good price in this area. I think we will likely need to find a property that needs a little work and use a "hybrid" investing strategy.
I'm looking forward to this REI journey!