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Updated over 9 years ago on . Most recent reply

User Stats

35
Posts
14
Votes
Michael Miller
  • Kalamazoo, MI
14
Votes |
35
Posts

Reached my goal, now I can post my success thread.

Michael Miller
  • Kalamazoo, MI
Posted

At this beginning of this year I decided to get back into real estate investing.  My goal was to buy two income producing assets before the end of the year.  Now I have done that.

In April I bought a 4-unit fully occupied, and I conservatively estimated it would produce 1000 each month.  It is producing 1300 to 1400, but I haven't had any cap-ex yet, obviously, so I think my figures were just about right.

Just last month, I bought a townhouse near the local university campus.  It is producing 200 a month just as I expected.

I'm happy that I made the right choice to return to investing, and I am pleased that I was able to reach my goal early.  Maybe I'll have a third deal before the year's end.

Thanks for reading.  Best of luck to everyone.

-mc

Most Popular Reply

User Stats

35
Posts
14
Votes
Michael Miller
  • Kalamazoo, MI
14
Votes |
35
Posts
Michael Miller
  • Kalamazoo, MI
Replied
Originally posted by @Steve Vaughan:

Thank you.  Yes, when I have 10x more capital, I will surely be doing just that.

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