Newbie from Aurora Colorado!
Hi! I've been a member of Bigger Pockets for a couple months now, trying to absorb as much information as possible, and figure it's time to say hello!
I'm a 3rd gen Colorado native and so this is my home through and through! I run a consulting business for small businesses and entrepreneurs in the information technology industry, and want to also begin investing in RE.
I plan to start out slow and steady with wholesaling, get really good with that and build some working capital so I have a good foundation to then move into flipping and MAYBE eventually buy and holds. At this stage, that idea just doesn't hit home with me even though I know that's the recommended long-term wealth strategy. Maybe once I get going my perspective will change. :)
I look forward to building relationships and I am someone who loves to help others. So while I may not be able to give much yet, I'll give what I can!
Blessings!!
Pam Blackman
Most Popular Reply
@Pam Blackman We are certainly on the same page there, I love living here too!
And cash flow is only 1 of multiple ways in which rentals build wealth. In addition to the income, the property appreciates (assuming you buy somewhere that has population/job growth), your taxes are lowered substantially, and your tenants pay down your mortgage which adds to your net worth in the form of equity each month. Owning rentals is a more holistic, long-term approach to wealth building and is best paired with something like flipping houses/wholesaling/or a high-income job.