Success! My first single family home has been rented.
After months of hard work making property improvements in my spare time we have rented the house. I was shocked how fast it went and if I had more homes I could have filled them too. We had one day of showings and with a contract signed the following day. I listed on Facebook Marketplace and used Tenant Cloud for screening. Purchased the 1953 house for 80k. 1 acre, 1,700 SF, 3 bed, 1.5 bath with 2 car garage and built in work shop. It also has a paved 20ft. long boat or RV parking lot. Spent 12k on all new plumbing and central heat & air. Mortgage/insurance/property tax total is $540 month. Rent collected is $1,200 month plus 10 bucks for a pet fee. Now we can focus on renovating the new investment home we moved into. My wife can’t wait to rent it out too.
Most Popular Reply
Congratulations! Good luck with your next flip.