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All Forum Posts by: Elizabeth Colegrove

Elizabeth Colegrove has started 37 posts and replied 5501 times.

Post: So Far Behind But Further Than I Was 2 Days Ago

Elizabeth ColegrovePosted
  • Hanford, CA
  • Posts 5,659
  • Votes 1,833

Never too late to start! Look forward to seeing you around!

Originally posted by @Kevin Hunter:

@Elizabeth Colegrove, congrats on your newest property.  I am in the same boat, although I am the military member.  I just closed on number 6 but still have a bit more to go before I hit my freedom number.  You mentioned in your post that you are active in military landlords forums.  Are you talking about on BP or a website solely dedicated to military landlords?  I would like to hear about your book on lease management as well.  

 There is a military Facebook group that is dedicated to military landlords. I will pm you the information as to follow the BP rules..

Yup, that has been our strategy. We own 8 houses and my husband is active duty. Our plan is to buy at every place that makes sense. In addition we invest my income into rental properties. It is our goal to early retire off the cash flow from the properties and the husband pension (god/navy willing). While it has had its moments being a landlord, financially it has been beyond financially beneficially for us.

Post: Newbie investor in Colorado Springs, CO

Elizabeth ColegrovePosted
  • Hanford, CA
  • Posts 5,659
  • Votes 1,833

Welcome!

My husband is active duty military and we own 8 houses. we love this world as its a great way to continue investing on limited funds. WE got started with primary, renting the houses out when we left. 

Look forward to seeing you around.

Originally posted by @Kristina Inglis:

Wow, amazing!  Congratulations @Elizabeth Colegrove!  Thank you for sharing...inspiring for sure!   I'd love to PM you for your step by step post on how you manage your houses if that is ok?  Also, my biggest challenge right now is learning about all the financing options that would be available to me.   Do you have a one stop shop place that you would recommend that I go to learn as much as possible?  For sure I have been scouring BP and listening to podcasts but I feel like I need one place that I can learn the very technical aspect of financing options, how they work, their requirements etc.   Any thoughts you may have would be much appreciated!  

 Feel free to pm me. I am happy to help if I can.

@Brianne Frey we have 5 houses in CA , 2 in SC and 1 in Virginia. So none in TX or SC. 

Originally posted by @Percy N.:

Great job Elizabeth Colegrove , congratulations!

How do you manage the properties remotely? Do you have a PM company or deal with tenants in different states?

 No I self manage all of our properties. I have a  18 page lease that is very specific on my expectations and I hold my tenants feet to the fire. I buy in areas where I attract professionals, so they show the house for me and than I fly in to do the exchange. I put together a step by step post on how I manage my houses from anywhere. PM and I can share the link. Its had many moments but overall been beyond financial beneficial for us.

Originally posted by @Karen Morgan:

Well done - congrats!  

Have you ever thought about doing a real estate course, or writing a book, specifically for military?  Your story is so inspirational, and you prove there are substantial rewards if you handle your military moves, loan options, etc. in a wise way.

 Thank you! I actually already have a book on lease management, and am working on one right now about how to self manage from anywhere. I do write about our story at reluctantlandlord (the net not the com lol) and am pretty active in the military landlords forums, along with here. So I try to share , help out and pay it forward whenever possible. 

Originally posted by @Mike Warner:

Way to go Elizabeth. As a newcomer to real estate I think the advice you gave is something to remember

Great job

Keep learning, keep earning. 

 Thank you I appreciate it! I am already on to my next projects, my poor husband. More time means more the ability to try crazy things in the real estate world!

Originally posted by @J. Martin:

@Elizabeth Colegrove

CONGRATS!!! Well earned!!!

 Can I just say how awesome it was that we both posted about our freedom the same week! I remember talking about our dreams and plans over the past couple of years. Pretty cool to be able to celebrate together.