Updated almost 11 years ago on . Most recent reply
New to BP and REI - Indy area is home and I think it has lots of potential!
Hello BP peeps!
I am Chris and I am new to real estate investing! Well, not completely 'virgin' I do own two rental properties. One used to be my primary home and I moved out and just decided to rent it. The second was a HUD home purchase long ago and it is turning over about $150.00 / month in cash flow (split with the co-buyer)
I always wanted to do more investing, but never had cash on hand. And admittedly, was pretty intimidated by all the jargon, and potential pitfalls. I watched my parents do pretty good with a small apartment building (12 units) and I helped with maint on the weekends during high school and part of college. The unit was able to help pay for my brother and I to go to college, so the weekends spent mowing the lawn and painting were well worth it!
Now being older, and thinking about securing retirement funds, (and also having recently acquired a little cash to invest) I know the REI is the way to go. I'd like to get started with SFRs and I really don't want to do the rehab work and property management - I'd rather pay a professional for that!
Sorry for the long post, but the excitement of finding BP, and this forum has dribbled to my keyboard! :)
Most Popular Reply
Chris Cerny Welcome to the site. It's always good to see fellow Indy investors find and enjoy the site! There is a wealth of knowledge here and a wonderful group of people who are always more than willing to help.
Drop me a note if you'd like to grab a coffee sometime.