Updated about 9 years ago on . Most recent reply
Hello from Lancaster PA
Hello everyone,
Just wanted to introduce myself (and family). I have a wonderful wife and five awesome children. We are part-time real estate investors mostly interested in buy-and-hold although we are looking to do fix-and-flip to raise more funds for rentals.
I never considered myself a real estate investor until 2015 even though I did fix-and-flip on my personal residences. Yes, I moved my long-suffering wife and children 4 times in 10 years. Had no idea what I was doing other than making money doing it and I actually kept one as a rental when I moved out. Suffering a lapse in judgement I sold that cash flowing property (remember I did not know what I was doing) because we needed a bigger vehicle.
Some of the funds were also used to purchase a cheap rental by paying cash the end of 2015. I eventually to out a HELOC and purchased another property in August 2016. Now that I have used up all available funds, remember the five kids, I am trying me hand at creative financing and value-add deals in acquiring while my wife is heading up our first marketing campaign for fix-and-flip to aid in the process.
I really started the learning process this year and am looking forward to using all that knowledge to continue to expand my portfolio. We want to be able to travel more and see the world before the kids are out of the house.
My goals are to double the amount of doors for 2017, then again in 2018.
I look forward to spending more time on here to learn from the best.....and I love the podcast.