New investor in Louisville, Ky
Hello from LaGrange, KY (Just east of Louisville). My wife and I have finally decided to take the next step in our financial journey. We both have full time jobs with a combined income of $115-$125k yr. Our goals are to fix and flip ($130-$180k ARV) until we've raised enough capital to begin investing in smaller multi-family properties (4-20 unit properties, C&B class neighborhoods. 5 yr goal of 200+ units).
At this point the only finances I can bring to the deal are a guaranteed $20K loan from a relative that is interested in providing private money loan. Both of our credit scores are in the mid 700s. Debt To Income of 20.7%.
I look forward to networking with like minded people here on BiggerPockets. I hope to see a few of you at the next local MeetUp.
(Note: I introduced myself on here back in 2014. Wasnt the right timing as i was in the middle of paying off $50k worth of debt. Also had a newborn baby. We are now ready to begin investing within the next 2-3 months)