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Updated over 10 years ago on . Most recent reply

User Stats

89
Posts
17
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Michael McCartney
  • Investor
  • San Antonio, TX
17
Votes |
89
Posts

Newbie from San Antonio, Texas

Michael McCartney
  • Investor
  • San Antonio, TX
Posted

My name is Michael and I live in San Antonio, Texas. I like to run, bike, play ultimate Frisbee and do anything outdoors. I am a credit analyst at a local bank and have been working at the bank in various positions since I was in college. I wanted to get into the rental real estate market so I bought a house a few years ago.

I am very pleased with the house I got because it functioned like a duplex when I got it. In addition to the 1st floor of the house it had a livable area on the second floor with its own full bath, kitchen and separate entrance. My plan was to move in the top and rent out the bottom to pay for my mortgage but when I found a good renter she had to have a separate place for her brother, so I agreed to rent out the entire house to them. The house also came with a detached garage that I recently finished converting into a studio apartment that I live in. In taking on that project of the conversion I have really taken a liking to the fixing-up of houses. I am saving now to purchase another property and will hopefully repeat something similar to what I did the first time. I would definitely consider myself a newbie investor but hopefully that will change down the line. http://m.imgur.com/a/ZCi8d I made a album of progress pics for the studio conversion.

Listened to a few pod casts and decided to sign up. Looking forward to learning a lot here.

Most Popular Reply

User Stats

37
Posts
6
Votes
Brent Cullipher
  • San Antonio, TX
6
Votes |
37
Posts
Brent Cullipher
  • San Antonio, TX
Replied

@Jim P,

I, too, am in San Antonio.  Also a noob!  I must ask, though.... Is a 5k rehab over a 2 month period worth it? 

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