Just bought my first investment.

7 Replies

After reading Rich Dad Poor Dad (I know - the cliche starting point for all of us), reading a few more books, listening through the first 70 Bigger Pockets podcasts all in the last 4 months I put an offer in and bought my first investment. A 2 story side-by-side duplex. 3/1 each side. Going to do some minor fixes, add a 1/2 or 3/4 bath in the basement of each unit, and start my adventure as an investor and landlord. Thank you bigger pockets for the motivation and education to get me started.

Congrats! Some tenants are great. Some know how to manipulate. Do not be too quick to trust. Sometimes they change after they are in. Make sure they accept the conditions when they do a walk through. You do not want demands after they move in.

Congrats Ryan! Just starting off myself. Working through the podcasts and reading as much as possible. Good luck on your journey!

Congrats! Some tenants are great. Some know how to manipulate. Do not be too quick to trust. Sometimes they change after they are in. Make sure they accept the conditions when they do a walk through. You do not want demands after they move in.

@John Thedford- Thank you!  

@Dave Van Horn - So true.  It felt good to do the research, put in a bid, and finally pull the trigger.  I still have work to do, but at least I am getting started.

@Scott Harper - Good advice.  I plan to speak with an attorney about my lease agreement and will do a thorough walk through and make tenants sign and initial all parts of the lease.  

@Kevin Moules - Good luck to you as well.  It is exciting to actually be putting what we have read and listened to into action. 

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