All Forum Posts by: Cain Kiser

I started 2009 at age 21 with 0. I now own 1 on my own and 4 in a LLC with my brother and Father.

I also bought my first primary home in June of 2009 to save money and get the first time home buyer credit. Once I save up to move into a nicer house down the road this house will be turned into a rental.

I hope 2010 is as good of a year for us as 2009 was.

What did you accomplish?
Just started my Investment career and aquired 3 SFH's which are all rented!

Your best success?
Evicting a tenant and having the place rented within 3 days!

Your biggest mistake?
Underestimating costs when turning over a property.

What did you learn?
Patience is a virtue!

Did you achieve your goals?
I did achieve my goals because my only goal in my first year was to buy one property. Things worked out and I aquired three SFH's.

You also have to be the primary resident in that home for 3 years or you have to pay that money back.

Thats awesome! The nearest REI Club to me seems to be in Chicago (about 2 1/2 Hours away from me).

Keep it up!

In an LLC you will almost always pay less taxes.

You get the benefit of a partnership with the liability protection of a corporation.

just reviving this thread to see if we can get any responses...

I was getting a little worried recenty about finding a good tenant before the big renting season but I got it finalized today and got my last property rented. Now time to relax and wait for the toilet to get clogged! lol

Im 22 years old and started this past January and I am up to 3 SFH's. Its been a lot of work but it has been paying off so far!

I went to a community college and lived at home for the first 2 years. That was about $4500 per year, minus books.

Overall when I look at how much it would have cost me to attend the local university, the $4500 for the entire year was about half the amoun of 1 semester at the university.

but that means summer is almost over :(