Skip to content
Two investors reviewing resources on a laptop

Get industry-leading resources — for free

Unlock resources for every investing strategy and stage with a free account.

By continuing, you agree to BiggerPockets LLC's Terms of Use and Privacy Policy

Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

User Stats

3
Posts
10
Votes
Michael Hawkins
  • Commercial Broker
  • Phoenix, AZ
10
Votes |
3
Posts

My First Investment Property

Michael Hawkins
  • Commercial Broker
  • Phoenix, AZ
Posted

My first real estate purchase ever was a single family residence in Tempe, Arizona when I was 22 years old. The house needed to be gutted due to age and cats....ugh!!! On closing day I was $150 short for closing, borrowed $200, then lost my keys at signing that cost $50 to replace....Ahhhh...memories....First renters moved out in the middle of the night, next one stayed for 4 years. Sold the property for almost double the value after 5 years. What an education...........:-)

Most Popular Reply

User Stats

471
Posts
296
Votes
Bevla Reeves
  • Real Estate Agent
  • Scottsdale, AZ
296
Votes |
471
Posts
Bevla Reeves
  • Real Estate Agent
  • Scottsdale, AZ
Replied

You never forget your first one... ;))

Loading replies...