Novice in Tampa, Florida

6 Replies

Hello! I invested in real estate a about ten years ago and made a LOT of mistakes. I had two rentals back then and also my own home. Had to pay a lot of stupid tax, but that's what you get when you just leap into things. LOL. I always said I would do it again despite that experience. I knew I had a lot to learn. So here I am. Will probably just lurk for a while in here while I am learning and saving cash before I do anything.  Looking forward to connecting with other like-minded souls.

@Luis Villacis basically, my strong suit is not math. LOL. The biggest takeaway I learned is that you better have crunched the numbers (multiple times!) so that you know WHEN you are actually going to make a profit and HOW MUCH that is going to be. Otherwise, you can get yourself into a whole lot of trouble very quickly with the whole "leveraging of other people's money" strategy. Good luck on your move. I moved here a year ago myself and love it.

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@Eva Machicado

Mistakes are expensive learning experiences -that’s all! Don’t feel too bad, I bought a fourplex with foundation issues last year and it put me back pretty far. Glad to see you’re back in the game.

@Eva Machicado

Welcome to the BP family! Good to have you here! Here are some recommendations for you:

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Wishing you the best!

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