Mareno Rathell

My wife and I are new to investing in rentals. Our first property was a duplex for $35k with new electricals, new garage, new driveway, new fencing and recent roof. We put an additional $5k into it (I did the work myself). We interviewed our prospective tenants 18 months ago and we still have our original tenants. They pay $700/m each ($1400 total) and always pay on time. We just picked up another duplex ($31k) last week with a long term renter (10 years) in one unit paying $600/m and the upper unit vacant but just renovated. We will be closing on a three bedroom/ 2 1/2 bath condo this week for $14.5k with the expectation of putting about $1500 into it (new paint and carpet). The condo fees are $203 and we already have a renter lined up for $950/m.