Intro: Newbie from Durham, NC
Hi,
This place is great! I've enjoyed reading the forums and guides and listening to the podcasts. My family and I live in Durham, NC where we've resided since the late nineties (including stints in Chapel Hill and Raleigh, maybe one day we'll make it to Cary!).
We have always been aggressive savers using a prudent but not risk averse investment strategy in the markets. I'm a working professional (ok wage slave) but my wife runs an unrelated business. We've always wanted to add REI to our portfolio (for returns, diversification and entrepreneurial pursuits).
We have specific objectives:
1. Cashflow before taxes high enough to amortize loans in 10-15 years.
2. Build a portfolio that yields inflation adjusted income of ~ $8k per month AFTER mortgages are paid off.
These objectives will help us identify potential properties. Of course the expectation is that some properties will under perform, others may over perform (just like any other diversified portfolio).
Looking forward to chatting with you!
Thanks!
Most Popular Reply
Hello all. Greg, Durham is the right place. I'm doing now what you're planning. Durham Durham Durham is all I can say... nothing else nearby will yield as much as investment there does. Property is still cheap, and rents are relatively high.
Let me encourage all those local the the NC Triangle area to come to both TREIA and the RTP REIA meetings, they are both worthwhile.