All Forum Posts by: Daine Johnson

@Robert Gilstrap I love the new schedule, it’s the best schedule possible to do investing on the side since I used to work 60+ hours per week easy, there was no time. I look forward to learning as much as possible, very excited to see my progress 2 years from now. Thanks!

@Michael Reisman thanks for the info! Yeah I’m ready to jump in man, almost done with the rehab.

Hello, I'm new here on bigger pockets. I've been on the forums for a bit over a month and I've been listening to podcasts daily. I'm 22 and have a full time job as a firefighter, and recently sold my landscaping company of 9+ years. After tons of thinking I have decided to turn my first home into a rental, and I didn't realize it until I closed on the house, but I was utilizing the BRRRR method. I was planning on finishing up the renovations in the next 1-2 months and then renting out asap. Here are some facts on the home: Purchased for sale by owner in Marietta for $135,000. 3 bed 1.5 bath brick ranch home with a 2 car garage on .03 acre corner lot. Conventional loan with first time home buyer down payment of 3%. Interest rate of 2.75%. Mortgage payment is $805/month. I have invested about $10k thus far into renovations. I plan to spend about 2k more to finish out the bathrooms. I am pretty confident I can get $1500/month for rent. Home values in the neighborhood range from $160k-230k so I thought this was a pretty decent deal for the first home. What advice do you have, ANY is appreciated. I have about $40k in the bank, no debts, plus a full time job (9 days per month of actual work, the other 21 days I have off) with take home pay of about $2000/month. I was planning on doing a cash out refinance and pulling as much equity as I can out, then put a down payment on a duplex as my next home, living in one side and renting out the other. Any advice helps!