First Investment property

[Jorge Soto]

I just wanted to share my first investment property deal with the Bigger Pocket community. I learned so much from people on here that I want to thank them as well as this great website. I used my VA loan to purchase a three unit in the Sacramento area. I am living in the front unit and the other two are currently being rented. I am collecting $1250 in rent to help pay off the mortgage. I understand that this wasn't the best deal on paper. But I feel that for someone like me with little money this was a great deal. I am paying $550 to living in the front unit. I plan on living in this property for a couple of years and I work on upgrades before I rent out the front unit. I have already learned so much about being a landlord. I look forward to the future as my real estate investing career has just began.

[Pat McGrath]

great job! BP is such a great resource for sure. Speaking of, i just closed my first investment property as well in memphis! Already had a renter in before i closed & got my first rent check already. Most folks not into re investing give me an odd look or a "why memphis". It can be a long response & most people tune out within the first 20 seconds because they really werent interested in re investing in the first place. But to each his own