Rental Property Number 12 is under contract

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Rental Property Number 12 is under contract

Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes

My 12th is under contract! I have the details and a video here: http://investfourmore.com/2015/01/28/rental-proper...

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Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
11y

Way to go I own 4 rental properties free and clear and have not tapped the equity it is hard to find compelling buys after the rise in property values and little inventory  

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  • Investor · Lexington, KY · Member since 2014 · 8 posts · 3 votes
    11y
    Congrats, I just closed on my first sfh. Hoping I can keep the momentum going.
  • Real Estate Agent · Las Vegas, NV · Member since 2015 · 2k+ posts · 1k+ votes
    11y

    Way to go I own 4 rental properties free and clear and have not tapped the equity it is hard to find compelling buys after the rise in property values and little inventory  

  • Investor · Asheville, NC · Member since 2011 · 833 posts · 499 votes
    11y

    Congratulations @Mark Ferguson !  I'm right behind you (by 10 properties or so:)

  • Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
    11y
    Originally posted by @Account Closed:

    Congrats, I just closed on my first sfh. Hoping I can keep the momentum going.

    Congrats on your first purchase! Will it be a rental?

  • Investor · Lexington, KY · Member since 2014 · 8 posts · 3 votes
    11y
    Originally posted by @Mark Ferguson:
    Originally posted by @Account Closed:

    Congrats, I just closed on my first sfh. Hoping I can keep the momentum going.

    Congrats on your first purchase! Will it be a rental?

  • Investor · Lexington, KY · Member since 2014 · 8 posts · 3 votes
    11y

    this one was purchased with an existing lease option where the tenant is responsible for all maintenance issues other than tax and insurance. I'll only hold it for about 18 months and then sell for a moderate profit unless the tenant defaults and then it will turn into a long term rental. 

  • Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
    11y
    Originally posted by @Account Closed:

    Way to go I own 4 rental properties free and clear and have not tapped the equity it is hard to find compelling buys after the rise in property values and little inventory  

    It has been much harder for me to find them as well!

  • Flipper/Rehabber · Greeley, CO · Member since 2013 · 2k+ posts · 1k+ votes
    11y
    Originally posted by @Andrew Davis:

    Congratulations @Mark Ferguson !  I'm right behind you (by 10 properties or so:)

     Nice! Most people never get to one. 

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