Closing on 1st deal tonight!!!!
So FINALLY after a year of trying to get my first deal, tonight I will be signing off on the paperwork! I am so excited for this as it has been a long time coming! The deal looks like this... Duplex with 1 side rented for $350/mth and the other side I will be renting for $375/mth and attempt to possibly raise the other sides rent to $375 also after I speak with the tenant tonight. The total purchase price is $29,000, I put $5,000 cash down and will be paying $333/mth for the next 6 years. The owner is doing all the financing and charging ZERO interest! The half that is vacant at this time does need some work (windows and paint) which I will be getting right on that as soon as I get home from the beach. Thank you to everyone on this site for the great information, mentor-ship, and feedback along this journey! Let the games begin!!!