Gosh, can I even call myself that yet? Probably not since the only piece of real estate I own is my own home.
Originally from Ohio, I’ve been in the Houston Texas area for about 10 years now. Growing up in Ohio, my dad “dabbled” in real estate owning a couple of SFR properties as well as a duplex. He always stressed that real estate was a good long term investment. Of course, that was a long time ago and he’s long since passed. However his words have always stuck with me.
My wife and I are financially stable and both have good careers. Instant financial gratification is not the reason we want to get in on the REI ground floor. We’re at a point where our child will soon be in College and we want to start building some real wealth for our future.
We’ve considered flipping but not sure that’s the direction we want to go right now. We’ve done very well over the years rehabbing our own homes so we have some idea of what goes into flipping. However, we honestly feel that rental properties is where we need to be.
A Big shout out to Michael (PropertyManger) for his well kept blog. What a true wealth of information, an honest look into the world of rental properties. I mean, if the bath tub pictures don’t scare you away, one might have the stomach for this afterall. :biggrin
So here we are with a teaspoon full of knowledge, finances to actually do something and the desire to build a nice business for ourselves. We’ll be attending the RICH Club meetings in the very near future and hope to start building up a network of associates with whom we can learn from.
So, just wanted to say hello and thank everyone for all the terrific information that you share on a daily basis.
One last thing, is there anyone more annoying than Armando Montelongo? :banghead