Owning two rentals at 18

[Erick Michael Ford]

Only 18, and Currently have two single family homes in my name.

Bank Financed

Rental 1 ( Peck, Michigan ) cost $41,000. Rent $700.00--1.73% close to the 2% rule Owned since 7/15/2015 to date 5/22/2016 minimal costs. had the first renter 7/15/15-5/15/16 new renter signed 5/15/16-5/15/2017.

Bank Financed

rental 2 (Croswell, MI) cost $38,500.00. Rent 650.00-1.688%

owned 3/15/16. renter signed for 3/15/16 3/15/17

Furnace needs to be replaced just old.

sump pump just installed 5/12/16

minor upkeep nothing major

hopefully around 5/30/17 Will be refinancing on peck house next year.

dumping both rents on to the mortgage for peck house

[Jake Thomas]

Great job! You must have been working hard all through high school to get a mortgage so young. Keep it up and keep growing.