Latimer Luis

Father of 2 and loyal husband. My real estate story: I was fortunate enough to be able to purchase a 1BR condo when I first moved to the Bay Area in 2009. In order to make the down payment, I pulled everything out of my 401K and applied for a FHA loan, with not much in my savings. I was only 25 at the time and this is how I introduced myself to REI. Believe it or not, I bought the condo "sight unseen" since it was a pretty good deal and I was in need of a place given my job transfer. I made a HUGE mistake and sold this condo in 2013 to move into my current primary residence, instead of renting it out, reaping the tax benefits, seeing it appreciate, and having tenants pay down my mortgage. I didn't really have anyone in my "inner circle" who could give me sound advice on REI, which is why I've fallen in love with BP. One day, I hope to repay the community. For what it's worth, my current goals are below. I'm happy to make new connections, so feel free to PM me. --- Invest in properties in Alabama to start. --- Focus on multifamilies that meet the 1% rule and are immediately rentable (doesn't necessarily have to be fully rehabbed) --- Properties should have decent schools and each unit should be at least 2 br's --- Accumulate 1 MF property a year for the next 4 years, then re-assess goals at that point --- Rentals must be handled by a trusted property management company