How old were you when you bought your 1st Investment Property?
OK just curious here, how many guys/girls start super early or late. I bought my 1st at 16 (my grandfather put 95% in, i put in all my "paper route money" and everything else saved, about $3000 in 1983. Still own that house today.
purchased 35,000
reno 40,000
all in $75,000 (in 1983)
After a bunch of upgrades including for a 2nd time new kitchen,baths,hardwood, roof, landscape, etc.
Rental now $2,500
Value 500,000ish
I was 22, my own money
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Real Estate Agent Tennessee (#343371)
- Old Fashioned Real Estate
- Podcast Guest on Show #521
Thanks, Thought there would be a bunch of "Early" starters, as well as many who got a "Late" start.
My first was at 21 with $10k that I saved. Held it for 2 yrs and sold it for a down payment on a primary resident. It taught me the power of rental property and appreciation. Back in it again at 33 and now my focus is on duplex, triplex or duplex.
35
Wish I could/would have started earlier, but better late than never.