Newbie from Crown Point, Indiana

[Carl Zurbriggen]

Hi, Carl Zurbriggen here from Crown Point, IN.  Have always wanted to get into the rental biz, but never gave much thought, b/c I always had it in my head that only people with previous wealth could invest.  After discovering ChooseFI and BiggerPockets, I found the motivation and resources to jump in and get started. 

In the process of downsizing our current home.  Closing on our house in a couple of weeks and will be netting $55K.  Putting $50K down on one side of a duplex in a subdivision that is very popular to rent in. Mortgage will decrease from $1,100/month to $675/month.  Doing some minor renovations upfront and planning to live in it for a few years to pay down some remaining student loans, remainder of car payment and pump up the 401K.  After a couple of years, we'll rent it out and really start the journey.  My goal here is to accumulate as much education and resources as I can and hopefully meet some really cool people who are doing awesome things in this area.  

[Andrew Fredrickson]

@Carl Zurbriggen welcome to BP! 

Some items that really accelerated my learning:

Read Brandon Turner's book on Rental Property Investing

Listening to the BP Real Estate podcast https://www.biggerpockets.com/podcast

Listening to the BP money podcast https://www.biggerpockets.com/moneyshow

Attend your local REIA meetings to network

Start analyzing deals to get practice

Engage more on the BP forums

All the best!

-Andrew