New Member from Phoenix, AZ

[Jeremy Oberbroeckling]

My name is Jeremy Oberbroeckling and my wife and I have lived in Phoenix since 2008. Before that we were living in Austin, TX which is how I got into rental properties. Before my wife and I married, she owned a property with a friend. Then we decided to get our own place and they decided to rent out the property. After a year at our new place in early 2008 my wife and I decided to move to Phoenix to be closer to her family, the market was in a downturn and we decided to rent our other property. We learned a lot about what we shouldn't do.

Currently my job is in clinical research and involves a lot of travel. My goal is to earn enough income from real estate to quit our jobs. I joined Bigger Pockets because I was very hands off with our two (2) rental properties and wanted to become more hands on. I have learned a lot so far and have determined the properties we currently own are not cash flowing what they should be. However, they have built up a considerable amount of equity. So my wife and I are in the process of selling them and will take the cash to invest in new properties that are cash flowing. First property is currently under contract. 2nd property's lease will end in May and we will then get it ready for sale.