BiggerPockets

Under contract

Thursday, November 06

So here I go.  I'm under contract with my first rental property. Its a duplex 3 bed 1 bath each side for 215.  putting 20% down.  to be honest i'm feeling a little nervous and excited.  i keep flipping back and forth from scared to jazzed....going to meet the appraiser tomorrow.  i keep running the numbers and it looks like if things go well it'll cash flow.  not sure about how much to set rents i have an idea and a min. but this is new territory for me.  also, i've got to find tenants....thinking about section 8???  can you really make money at this?  if i hit my numbers i'll make 8% on my investment not including depreciation and write offs...  guess i'm greedy cause i figure i need to own 10 of these with pos flow... oh well here we go!!!