Author Topic: Bought my first-ish rental property  (Read 1721 times)

EAL

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Bought my first-ish rental property
« on: April 16, 2015, 09:11:47 AM »
A few years ago, I bought a house in my hometown while I was in graduate school (in another town) and rented it out until I moved back home and moved into it-so I don't really consider this my first rental.  While we do plan to rent it out again someday, we plan to live in it for a while as the mortgage is so low that we can save a lot. On Monday, we closed on another house, which we have now found tenants for and will begin renting out on May 1st. I am a few months away from being 25 but since I was 17 til about 23, I worked for a rental property company learning everything I could about maintenance, repairs, and construction.  After seeing what a beneficial investment it could be, I knew I wanted to invest in rental property so I started saving money early on.  I know its not a lot compared to the feats that many of you are achieving and posting about but this has been a long-term goal to get started on my first investment property.   

Chrissy

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Re: Bought my first-ish rental property
« Reply #1 on: April 16, 2015, 09:30:15 AM »
Well done!

couponvan

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Re: Bought my first-ish rental property
« Reply #2 on: April 16, 2015, 03:38:22 PM »
Congratulations!  I grew up in a duplex my parents built - they always said the neighbor paid for us to live there and I didn't get it until I was older. :-). The neighbor's rent paid all the mortgage after about 5 years.