Pulled the trigger on my FIRST SF investment!!
Hey Everyone,
Thank you for the kind advice first and foremost that assisted me into making a wise decision to start off my RE portfolio. The bigger pockets platform allowed me to network positively and I found a GREAT realtor and GREAT lender.
Currently on contract for a Single Family home under 140k (Owner Occupied)
3B 2Bath in a growing area.
Looks very well taken care of and I'm currently awaiting inspection.
Large front yard and back yard.
Can anyone provide me advice?? ANY advice that relates to the purchasing process, inspection, how to increase value, and tips on how to jump into my next investment in 8-12 months.
I plan to owner occupy it for 1 year and move on to my next investment.
The home is near international airport, malls, shopping centers, hospitals and gas stations.
I'm thinking ahead to be prepared in advance, not sure if Furnished Finders or regular rental would be beneficial just yet. Looks like I have a chance to make a positive cashflow not by much maybe $50.00 monthly to start. However, still a win for me because I'm thinking long term and also because lots of properties I came across were negative cashflow, not sure if it's like that for most investors.
Thanks again! Any type of feedback is awesome!