All Forum Posts by: Virgile Valente

Hi Greg. Thank you for the support.

Hi Melissa, thank you for the helpful advice! I appreciate you sharing, and will definitely reach out when I start to analyze deals.

After I complete some additional research, I will focus on networking and connecting with target market agents and contacts, like Greg :)

Hi everyone, 

I'm starting my REI journey, targeting long-term rentals with a goal of $10k/mn cash flow in 10-20 yrs, but first I need more education!

Inspiration for this journey started after I was laid off late last year after almost 10 years with a well known semiconductor company. It dawned on me that working to survive and save up for retirement was all but a dream, and could be ripped away any moment. From this incident, I started to educate myself on financial independence, starting with Rich Dad Poor Dad, which was very eye opening. This book showed me the potential and security of REI, when done right.

Currently, I am reading The book on Rental Property Investing, by Brandon Turner from Bigger Pockets. It lead me here! 

I'm an engineer by trade, very analytical and numerically driven - I believe the math and calculations of REI investments may be the most important aspect before pulling the trigger on an investment, but understand there are many more factors to consider as well, such as population growth, jobs, crime, etc.

As I continue to learn and educate myself on REI before taking the plunge, I would love guidance and advice from experts and professionals that have already traveled down this path.

I am drawn by the low barrier of entry of markets like Montgomery Alabama, and also considering Section 8 rentals (pending Trump admin changes).

Do you have experience in this market?

What is your advice to a fresh new rookie like me?

What were some of the early mistakes you've made or could have avoided?

Thank you for any advice and support, I'm really excited to join this community and get more involved.

-Virg