Updated over 9 years ago on . Most recent reply
Finally, my first deal!!!
Hi everyone!
I'm excited, finally I closed my first deal!
It's an apartment in a 6 unit condo in Dallas TX, I'm thinking of a buy and hold but we want to live there for a year or so and then rent it so I can keep investing in other properties, the thing is today I don't have enough credit history (W2, tax returns, etc) so is very difficult to go and ask for a mortgage (I bought it cash).
Now the fun part begins, it needs a LOT of TLC because it was built in the 1959 and I want to remodel both bathrooms (ugly pink tile and very small shower), kitchen (open space, new cabinets, appliances and floor). New carpet and paint plus all the electrical and plumbing "up to code" stuff so hopefully it get done by the end of march.
Do you think this can be possible?