So I have been on bigger pockets for about a year but I haven't consistently been on this site. I've been on and off, but the last 6 months of my life I have been super serious about my first property and I finally got my first property about a week ago. I have not done an introduction post yet so i figured since I am finally serious and now I'm going to be on here more Id go ahead and do an introduction post. So my profile says im working on an investment with a quadplex, I just do not know how to delete, but im not on that quadplex investment anymore. I bought my first property a few days ago. Its a duplex and my monthly note is only 650 a month. Both tenants are paying 600 a month right now, which I plan to raise the rent if they move out. But right now I am cash flowing I could be cash around 600 a month if i wanted to, but i have portion of that income going to 8% property management and another portion going into a reserve account, which leaves me cash flowing 250 a month. But I am 24 years old right now and I landed my career job right now with this house flipping/wholesaling business that will give me the tools to buy more properties and the funds to buy the properties. I plan to not touch any income from any property until im turn 30. As i buy properties, the money will go straight back into the investments for the next 6 years of my life.
I HOPE TO SPEAK ON BIGGER POCKETS PODCAST ONE DAY SO THAT I MAY SHARE MY FAITH AND SHOW OTHERS THE POSSIBILITIES!
Welcome to BiggerPockets! Truly nice to meet you. Good luck going forward! 😁 It sounds like you are off to a great start. I hope you do get to do the Biggerpockets podcast!!
Free eBook from BiggerPockets!
Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you