Updated over 8 years ago on . Most recent reply
new to rental property but i don't think I'm doing to bad
I bought my first lot for 7000 and put a mobile home on it. I've got around 20000 locked up on my first property. its free and clear. i purchased my second property, a house for $6000 ill have around 23000 and ill owe about 10000 on it. i just closed a deal on my third property through a freddie mac foreclosure for 6800. i think i can fit a mobile home on the lot as well and I'm looking at turning the garage into a single bedroom apartment.
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Were might I ask can you get houses lots for that cheap. 6000 for a house?!? Holy smokes!