I had prowled around the forums for about a year before posting, once I started investing full time. I figured my 101st post would be as good as my 1st post to introduce myself. lol I have read a number of other forums but most were not even close to as professional as this site. I got that "guru" feeling from a lot of them if you know what I mean. Just a little shady.
I am a full time investor doing both flips and rentals. I have been interested in real estate for a long time and read every book in the library in college about it and still read voraciously. It took me about 7 years from the time I started my research till I actually made my first purchase. At this point, I am glad I waited. I nearly purchased a duplex when I was in college but I couldn't figure out why nothing seemed like it would cashflow. I know now that the market was overinflated. My first purchase was a 4 unit building where my wife and I live in the main house. I went full time 2 years after that first purchase.
This year was my first year full time. I purchase properties at the county foreclosure auctions, rehab and sell them off, mostly to other landlords. I completed 4 this year and am of course hoping to ramp it up this coming year. I'd like to build to one month. I'd probably get there faster if I stopped buying rentals for awhile but right now is such a good time to buy in my opinion, I can't avoid it. My current goal is to continue to add one a year.
In addition the the flips I have built from 4 rental units to 9 this year and am at the point where I can now pay my bills from those. That has always been a major goal of mine so maybe I will be able to comfortably put more into the flipping business now. I also manage some rentals for other landlords and would like to continue to expand that. I haven't really set a goal for that but would like to build it to the point that it could pay my bills also.
In addition to that I also have my real estate license to sell my own properties, pull comps, and work with other investors. I'd of course like to build up some more clientele in this business also. I'd like to build up to a 2 million dollar volume a year business.
Right now I get busy every now and then but could certainly take on more business. I have one person right now who works almost full time for me doing repairs and showing apartments every now and then. I'd like to be able to get an assistant by the end of next year also. Another goal of mine. Hopefully I'll need one.
I appreciate all the help I have received here and hope to give some of it back. It's truly a great resource and a place to network.