Got our 1st rental single house

[Vy Mai]

We just closed on a deal 2 days ago. Still unbelievable. We got the down payment through home equity loan from our primary residence. Our income will be only $89.... but I still consider it a success. We are renting it to our seller and the rental income is a little less. Our projected income will be $889. However this number doesn't include vacancy or fixing up expenses.  Still I am excited!! What's next is in my mind :)

[Linval T.]

@Vy Mai

Congratulations on your accomplishment and welcome to the world of landlording.

I added a guide below for reference.

https://www.fanniemae.com/content/tool/landlord-gu...