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Elizabeth Roncevic
  • Parsippany, NJ
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Tell me about your first RE investment.

Elizabeth Roncevic
  • Parsippany, NJ
Posted
Tell me about your first deal: What were the pitfalls? What type of property? Did it produce positive cash flow? How did you find it?

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Clifford Paul
  • Rental Property Investor
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Clifford Paul
  • Rental Property Investor
Replied

Bought my first rental at 18 for $7800 cash. 2B/1Bath no rehab, rent $450 a month. Same tenants for 5 years, sold to tenants for $32,000. Only thing I ever paid was yearly taxes about $115 a year.

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