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Reed Lambier
  • Real Estate Investor
  • Portland OR
8
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15
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Finally acquired my first property.

Reed Lambier
  • Real Estate Investor
  • Portland OR
Posted Oct 29 2019, 23:15

Probably a terrible time to buy a house but I just purchased my first home. It's a 3 story, 3 bed, 3 full bath townhouse in Vancouver WA. It is set up perfectly to rent out but I have to do some light work on it first, which I am looking forward to. After this I will either rent out some of the rooms or I will wait a few months and move out completely and give it over to a property manager. Minimum I can have it paying itself off with a tiny profit at first. It won't be hugely profitable at first but after PMI disappears and I refinance after a few years it will be pulling in a nice profit. Excited to start this journey.

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