One of my new rental properties

3 Replies

I recently purchased a property and wanted to share some success. This was a cash deal and purchased a 3 bedroom town home for $18,500. Total reno cost was $2,700. I had the property rented within 2 weeks of purchase for $1,400 per month. My monthly expenses are $250 per month with a cash flow $1150. 

Originally posted by @Zac Davis :

WOW! Excellent job. how long have you been doing this? How did you come about this deal? 

I am still somewhat new to the landlord world. As an agent I come across deals like this often. I my initial investment strategy was in flipping, I have recently changed gears and am beginning to build my rental profile. This property was an MLS listing, which fell into auction terms.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you