Rental Property Investor · Kingston NY · Member since 2016 · 17 posts · 1 vote
Getting back into buying after a rather long hiatus since the crash... after burying about 300k cash into a small farm rehab project, now am operating with far fewer resources than before. Excited to buy 3fam or 4fams, may live in or may not, and rent out on s/t furn basis...and do some fix up...like to buy with at least seller paying close costs and small seller carry-back loan of 10k-30k...
Great to be part of this community!
Goal: get monthly net income to 6k for retiring from f/t work.
(one res rental now and one comm bring 575 clear/mo: 5,425/mo to go!)
Hey @Marcia Langley welcome to BiggerPockets! Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!
Thanks! Has anyone out there almost lost everything in the recession, learned great lessons and gotten all the way back in? Any comeback tips or things that worked?
ps this above is referring to the real estate investing career...not the agent job ...bought and sold 22 units to date, all acquired 1995-2007. Offer pending now on a 2fam short sale next to great NYC public transit...with very good numbers...actively used underground oil tank...needs updates.