Just closed on Rental #2!

[Joseph Shevy]

Hi BP,

Just had the closing last night for my second rental property! The first one was through an FHA loan and I am currently living in it with my fiance, so we don't actually "see" cash flow with this property.. only rent savings. (Which is just as good in my books!) Our newly purchased 2-family is owner financed, and seemed like a great deal. The property was solid, the numbers worked out, owner financing enabled us to only have to put up $7k on the down payment, so we jumped on it!

All in all, My fiance and I started investing in buy-and-hold properties about 4 months ago, and already have on 2 properties on our hands! Now we will start to actually "see" some cash flow! In other news, we are getting married in less than a month, honeymoon the whole next week, then back at saving and looking for rental #3!

Thanks for reading!

Joe