New member from West Michigan
Want to say hello to the BiggerPockets crowd.
I have been enjoying the podcast and the forums, lots of great information out there.
About 15 years ago, when I lived in California, I saw potential for real estate investment in the Midwest - I even flew out and toured through several states. At the time, I had no idea how to set up a system for long-distance investing so never pulled the trigger.
Now that I live in the Midwest, I am interested in building a real estate portfolio to help with retirement and to leave a legacy for my kids. Based on my study the last several months, single-family (Or small multi family, if the opportunity arose) looks like a niche I would fit best in, at least to start.
We were hit hard in the recession, and are just now again at a point where we could look at investing. In short, I have the body and the mind of an older investor, and the wallet of a younger investor. :-)
I have not run across a lot of other folks from West Michigan here. There are a number of markets within easy reach of me that look good on paper, and I wondered if the BiggerPockets community has any advice about how I should educate myself before purchasing my first property. What are the things you wish you knew before purchasing your first single family rental?
Thanks in advance, look forward to getting to know the folks here.