All Forum Posts by: Cindy Richmond

Mike and Ed - thanks to you both for the reply. I called the realtor - it sold already. I guess it must have been an okay deal if it went under contract already! Jeez - that was quick! Thanks again both for reading and responding. 

Hi everyone! This is my first post. A little bit about myself. I'm a CPA - been an auditor for about 10 years now. My husband is active duty in the Navy. I was introduced to real estate this weekend when he played a BiggerPockets podcast for me. I was INTRIGUED! Is this for real? Is real estate investing really an attainable and completely possible endgame? Am I being completely foolish thinking that I could learn something that I know nothing about AND become more successful than in my current career?

Fast forward to today - 4 days later. I've listened to 2 more podcasts, watched a webcast and have become completely obsessed. I listened to one of Brandon's teachings and did exactly what he told me to do and found a "deal". Duplex, both currently rented (income about $1,800 a month). Sale price is $200K. BAM! Found a property where monthly cash flow is $400, ROI is higher than 12%.

I feel nuts saying this, but I WANT TO PUT IN AN OFFER. I can't do an FHA because I don't live in the city. I can't do a conventional loan because I don't have 20%. So... can someone give me some ideas on how I should proceed? And can someone tell me if I'm completely lunatic to consider making this move, seeing that I got introduced to this 4 days ago!?!

If you've read up to this point, thank you for your time! And thank you for your advice - this is all so exciting!