Hello All, I am so glad I found this community!
I moved WA from Wyoming in 2010 to work at an Art Bronze Foundry. I'm at the point where I realize that my body can't handle this kind of labor (50-80 hrs wk) for another twenty years and have always had an interest in real estate.
(Yes, Rich Dad P Dad got to me too! Thanks Kiyosaki!)
It seems to me that Walla Walla has a really strong market and there are a ton of foreclosures as well. So this has me thinking that I would like to rehab and hold at least one property per year for the next five years. (More when possible) I feel like I am getting better about assessing the potential of properties and ROIs. (Thanks BP software)
I have a few options since buying my own home two years ago. It is very close to downtown and I am thinking about doing VRBO after I finish remodeling. (I still have a ton of research to do on this topic) My understanding is that we currently have a cap of one VRBO per person. I also have a small 401k that I am trying to figure out how to use whether it means closing it out and taking the hit or finding a way to transfer it into a Roth self directed.
As I said I am really grateful that Bigger Pockets is here and have just been diving in the last few weeks since discovering their Youtube channel.
Welcome to Bigger Pockets.
Hello! @Jonathan Hickerson
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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