BiggerPockets

My wife and I bought our 1st rental about 8 years ago. After 3 years we sold it for a profit. (we should have keep it, it went up another 100 thousand 1 year after we sold it) Our 2nd rental we have been renting for almost 4 years,(still have that one) Our 3rd home was bought with little money down and we bought it 22 thousand under the appraised value it is a brake even rental (it profits after write offs). Our 4th Rental we bought with 30 thousand below the appraised value we our positive about $200 a month and that is before tax write offs. We are on track to buy 2 to 3 homes a year over the next 2 to 3 years and then 3 to 4 homes a year after that. We will see if that happens I have learned a lot in the 10 years I have been buying Rental homes and I have met a lot of great contacts over the years I like to use little money down, and buy and hold my rentals.

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