Updated over 10 years ago on . Most recent reply
Closed on first Three SFRs today
Used the same lender for all three mortgages and closed all three in one sitting under one hour during my lunch break today!
These properties are all around $60k move-in-ready or very close to it, in nice areas south of 435. 3.1.1 1950s construction all have been updated. These will rent for 850-950 each. I have a property management company ready to go so now it's their time to perform (or not). I used conventional financing and funded the down payments from my primary home equity.
I have three more under contract and a couple more offers out, and am attending an on-site auction tomorrow. Starting thinking about REI in November and today am a landlord. On a pace to hit the 10 financed properties limitations pretty soon.
Ok - so that is my update. Thanks to all on these forums I have learned from by reading 1000s of posts.