Welcome @Daniel Stepp Best of luck
Welcome @Daniel Stepp . As an electrician I would bet you have a good network of contractors around you or know how to do stuff yourself as well. Take a look into house hacking and buying a home that needs some work. Live in it while you fix it and gain equity and sell it in 2 years to take those profits tax free. Quick way to accelerate your $ and accomplish some of your rental goals.
@Daniel Stepp Instead of selling your home, why not refinance, pull out some cash and use that to invest instead? You can rent out the house and have a local property manager. Just a thought. Best of luck with real estate investing! It's fun and rewarding.
@Daniel Stepp Welcome to BP. We are actually in similar situations. I just turned 35 and just had a baby girl. I’m an operating engineer and want to spend more time with my family. We are looking to move to the Myrtle Beach area and I’m trying to get a small portfolio of long term rentals down there. Let me know if I can help in any way. Where exactly in MB are you looking to move/invest?
Best of luck. My family loves Myrtle but waiting until my soon to be senior is out of High School before making any moving type decisions. Hope it all works out, best of luck.
Hello! @Daniel Stepp
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
The second is a post that will help get you focused with your real estate investing goals:
The last one is a post that will help you choose an “investor friendly” real estate agent.
There are many agents out there, but it’s important to choose the right one.
I love answering questions if you have any! Good Luck :)
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