Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
Go big or go home right? A contact off of our DM campaign brought us a package deal that was almost buy one get one free on a turnkey property. We paid 46k for two homes. Rental income will be right at 700.00 a month cashflow after counting for expenses. We've got showing set up for this weekend. Time to screen some tenants! Man it feels good to be a "landlord".
Rental Property Investor · Kansas City, KS · Member since 2014 · 604 posts · 222 votes
11y
Awesome and congrats, man! Bet it feels great. I should be closing my first wholesale deal the Friday before Christmas (have to wait for the completion of a Quiet Title suit). May possibly be able to close on a turnkey rental of my own before then, though. It'll cash-flow about $200/mo for me. :)
Real Estate Broker · Indianapolis, IN · Member since 2014 · 3k+ posts · 2k+ votes
11y
@Jim Viens that is fantastic! We completed our first wholesale earlier this year which is actually what funded the majority of the down payment for these homes.
Investor · Boyd, TX · Member since 2014 · 688 posts · 467 votes
11y
Congrats. Warning it is contagious! I just closed on my fifth yesterday. Looked over it better this afternoon and I think I will get out with about $2000 in refurb on it instead of the $5000 I was thinking about. Should have it done much quicker than expected and my be able to start showing it in a couple weeks.
That is so awesome! I remember converting a home from my primary to a rental over 20 years ago! That was my first rental experience of someone else making my payment for me. It sounds like you got a great deal :-)
Go big or go home right? A contact off of our DM campaign brought us a package deal that was almost buy one get one free on a turnkey property. We paid 46k for two homes. Rental income will be right at 700.00 a month cashflow after counting for expenses. We've got showing set up for this weekend. Time to screen some tenants! Man it feels good to be a "landlord".
Congrats!
We were just by Chesterfield, MO. Good to see another local winning.
This must be Missouri week or something... everybody is finding deals.