Author Topic: Sold my first Investment Property!!  (Read 221 times)

leighb

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Sold my first Investment Property!!
« on: February 28, 2021, 10:12:06 AM »
In 2010 I bought my first investment property for $9300. It was a 2bd/1ba solid little house being sold at a sheriff sale. My father had been buying houses in the neighborhood and I was excited to join him. Now a decade later a lot has changed: I've lost my business partner (dad died a few years ago) and the housing market has recovered. So when the house became vacant again, it seemed like a good idea to get out. We listed it at $54,900 and it sold in days. It's a bitter sweet feeling. I'm happy a family is moving in.

So far in the past year, I've sold 2 properties, 8 to go.

PMJL34

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Re: Sold my first Investment Property!!
« Reply #1 on: February 28, 2021, 04:47:43 PM »
OP,

Sorry for your loss.

Congrats on your recent sells. Sounds like you will be selling all of your rentals.

Right now appears as good as any to be selling.

Best of luck!