My First Rental Property

[Michael Fitts]

I closed on my first duplex in August of this year. It's owner occupied so I'll be house hacking. My first tenants moved in today to start the year lease. It was only a few weeks between when I closed on the property and when they moved in. I started showing the unit the day after I closed so that process went rather smoothly. The unit was pretty much turnkey but still needed some work. Like many first time investors I worked late many nights to put finishing touches on things to get the unit rent ready. I missed out on a few events with friends to focus on the house and I wouldn't have it any other way. During those times I was lucky enough to realize that I was doing exactly what I wanted to do. All those hours studying, reading, and learning about REI, finally buying a place, and moving tenants in was a long time coming. I've now gotten the real estate bug and once I've got this place under wraps I'll be excited to start looking for the next one. Just wondering how others felt when they finally got started.

[Satish Viswanathan]

Congratulations my friend!!! I have got the REI bug too. Looking at properties in Smoky mountains area. Can't wait to get my first multi property. Best wishes.