New Guy from Buffalo, NY

[Sam Tato]

Hello everyone!

I've been hanging around BP for a while but just now introducing myself. I'm 22 yrs old from Buffalo, NY. I bought my first property (double) last year in Aug, 2014 in the North Buffalo area. I live in one unit with a roommate and rent out the other. Technically I live for "free" with rent well over my PITI but after cap ex reserves, maintenance, and rehab it isn't exactly free! Regardless, I think it was a good first deal and it continues to provide a great learning experience, especially since I'm able to rent to friends and learn to landlord with a lower risk. By living in one of the units I was able to get a 5% down conventional loan. A requirement of this loan is occupying the home for at least one year. That year will be done in Aug so now I'm working on different systems to help me work more efficiently avoid mistakes when I acquire my next property (shooting for Fall this year).

I look forward to being able to give back to this awesome community!