Updated over 6 years ago on . Most recent reply
New Member Intro Austin, TX
Hey Bigger pockets community.
My name is Tim and I'm from Austin, TX.
I'm a newbie looking to educate myself on the buy and hold strategy with rental properties. I have one property that use to be my primary residence and is now a rental. The property doesn't cash flow much but I do have someone paying down my mortgage.
It's about time I take some action steps and execute on a 3rd property to keep the momentum going. BP has proven to be a great source of information and has plenty of knowledgeable experts. I am looking forward to learning and eventually share my knowledge.
I would like to say thank you for all that take the time out of their day to contribute and share their words of wisdom. I look forward to hearing from you guys. Cheers and have a great day!
Most Popular Reply
Welcome Tim! I was just in Austin/Round Rock over the holidays - lovely area!
I got started the same way as you did - rented out or old primary residence (which has never cash flowed that well - but as you say, someone is paying the mortgage!). That led us to buying a few more rentals, and then a few more. Its been a great ride. BP has been instrumental in my process. Not sure if you are a reader, but here is a great list to get you started: BP Book List.
Best of luck!