Started with a duplex 2 years ago, now purchasing two 4 units
Hey Bigger Pockets family,
It has been a very long time since I wrote in the forums but I figured some people get inspired by stories of success, so here is mine. I started off 2 years ago with 15,000.00 looking to invest. I listened to 100 BP podcasts and read every BP book trying to get prepared. I ended up purchasing a duplex on the east side of Madison for 315,000.00, got 10k worth of credits and paid every nickel and dime I had to own it. Now 2 years later it is appraised at 355k and is going to cashflow like crazy (1650 a month projected once we move). Both sides are 4 bedroom 2 bathroom which is super difficult for families to find. I also now have a 60k HELOC to use whenever I want!
After purchasing the duplex I realized my Realtor made 10k for about 4 hours of work. The next month I got my real estate license and started my own business. Now I gross 6 figures + and am purchasing my first four units. These were off market deals that a friend of mine found and now we are partnering up. I am super excited and nervous all at the same time.
Man, 2021 is going to be one hell of a year.
Thank you BP community!
Justin
