All Forum Posts by: Kerry Hennessy

Hi BP community,

I am investigating first buy & hold rental deals. I found this house online. I think it is a deal if it could be had for the right price. I would like to ask your professional opinions on if the numbers look good to you and what price it would need to be had at to make it work. I know it is section 8 but I think that may be a niche as they don't seem to be scooped up as fast as other investment properties in my area. So, as a new investor, would this work at the sellers asking price? If no, what would it need to be priced at to meet the criteria of a cash flowing deal.

I plan to use this as a template whereupon to judge other similar potential rental deals.

Thanks, I'm excited to see how this pans out

Kerry H

Thanks so much for all the advice and encouraging words! A warm welcome indeed. I look forward to picking your collective brains!

Thanks Darren,

I set up "Brandon" as a keyword. Good advice!

I'm brand new too but I just figured I would let you know that I found the BP podcast and the beginners guide to be the best free info around. Good luck

Thanks for the welcome!

I am a 33 year old man from the Tampa Bay Area of Fl. I am recently married and have 2 kids, 12 & 4. I currently work offshore in the Oil & gas industry in the Gulf of Mexico (out of Port Fourchon, LA) working a schedule of 28 days on and 14 days off (gone from home a month followed by 2 weeks at the house). I am interested in changing my schedule to 28/28 or equal time at work/home and investing in Real estate to supplement my income. My wife is not legal to work in this country yet but could be Instrumental in assisting me with the day to days of the project. At this point I am thinking about buy & hold duplexes, triplexes & quads in Hillsborough County Fl. I am hoping to buy places that will pay for themselves inside of 5 years and keep a steady stream of cash flowing. I have also seen what appear to be a couple good deals on recently renovated homes that are set up on the city of Tampa's Section 8 program.

I have a upcoming USCG exam to pass and my income will nearly double. Once I get this liscense upgrade I plan to swing for the Real Estate fences.

My name is Kerry Hennessy and thanks for the great opportunity to learn

Ps, I just discovered BP and I am on Podcast 15 already, great stuff!!!