Rental Property Investor · Philadelphia, PA · Member since 2016 · 55 posts · 31 votes
Ahhhhhhhhhhh.... So after 8 months of researching real estate and 2 1/2 months of physically going to look at properties I finally closed on my first duplex last week. Thank you Biggerpockets and all of you who've answered my many questions during the duration of 8 months. Im also putting things into action now to start wholesaling some deals to buy another property before the end of the year! With that being said any newbies on here. Don't get discouraged. Take the information you learn from your many resources and put them into play and you'll be just fine.
Rental Property Investor · Green Bay, WI · Member since 2016 · 45 posts · 20 votes
9y
@Andres Perez Congratulations on the first investment property! I too am 20 years old and I am almost done with my first flip and I just put an offer in on my second! Keep up the hard work and you'll get to that second property in no time!
Rental Property Investor · Philadelphia, PA · Member since 2016 · 55 posts · 31 votes
9y
Michael Henry It's a duplex located in the Delaware County area. Right outside of West Philadelphia. It's 2 units both 1bd/1bth. The tenant upstairs will sign a new lease this sunday. I'll keep his rent at 750 for the first year to get him to stay(Pretty good tenant). My plans are to stay in the downstairs unit until I save enough capitol to buy another multi family property using the BRRRR process. I'll soon be creating my LLC and starting my mailing campaign.
Columbus, OH · Member since 2016 · 45 posts · 17 votes
9y
Congrats Andres Perez i'm young also looking to get something going through real estate in process to get a deal this year I'm going to be 20 this year also!
Michael Henry It's a duplex located in the Delaware County area. Right outside of West Philadelphia. It's 2 units both 1bd/1bth. The tenant upstairs will sign a new lease this sunday. I'll keep his rent at 750 for the first year to get him to stay(Pretty good tenant). My plans are to stay in the downstairs unit until I save enough capitol to buy another multi family property using the BRRRR process. I'll soon be creating my LLC and starting my mailing campaign.
Rental Property Investor · Green Bay, WI · Member since 2016 · 45 posts · 20 votes
9y
@Andres Perez Congratulations on the first investment property! I too am 20 years old and I am almost done with my first flip and I just put an offer in on my second! Keep up the hard work and you'll get to that second property in no time!
Rental Property Investor · Philadelphia, PA · Member since 2016 · 55 posts · 31 votes
9y
Ryan Cameron Glad you asked. For now on I will hire someone to paint. It took so much of my time where I could have been more productive with other things. And once again thanks for all the advice and guidance.
Rental Property Investor · Philadelphia, PA · Member since 2016 · 55 posts · 31 votes
9y
Jim Kent Peter T. Doug Woodville I qualified for a FHA mortgage with only 3.5 percent down. I've been saving constantly since June and started looking once I had the down payment and reserves. The mortgage broker wanted to see a statement of 8k before I could close. I only had to bring 5600 to closing even with only 3% sellers assist instead of 6%. Hope this helped!!