Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

1
Posts
0
Votes
CJ Wilcox
  • American Fork, UT
0
Votes |
1
Posts

FIRST RENTAL PROPERTY QUESTIONS/LOOKING FOR ADVICE

CJ Wilcox
  • American Fork, UT
Posted

Hey guys, my name is CJ & I am fairly new to bigger pockets & real estate investing. I am 27 years old & currently live in Utah. For starters, my wife & I recently bought a piece of land in a nice area to eventually build our “Dream Home” on, its in a growing area & it supposed to appreciate quite a bit over time with new phases going up all around it. We Paid all cash for it. Secondly, we bought a townhome to live in which we will eventually use as a rental property when our “dream home” is built, but that’s down the road. We paid all cash. We have two vehicles that are paid for. So in a sense we are comfortable with our situation. We have a little over a million dollars sitting in the bank right now. We are very interested in the idea of passive income & rental properties. How much of the million dollars do we take out & purchase properties with without over doing it. What would you guys do in my situation? Would you stay local or would you search the country for the best possible deals? Use property management or do it on you’re own? Sorry for the length. Looking forward to your advice,

Thanks guys. 

Loading replies...