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Updated 3 months ago on .

User Stats

6
Posts
2
Votes
David Bull
  • Property Manager
2
Votes |
6
Posts

Long Term Rental

David Bull
  • Property Manager
Posted

Started a new Partership earlier this year and got our first house within it. Purchased it for $65,000.00 and replaced the plumbing, floors, cabinets, and painted for 18k. It will rent for $1000.00 and is worth a little over $100,000.00. (We used our cash on this one and are using a dscr loan on the next one.)

Deal number 2 has already been purchased, and we are eyeing deal number 3 right now. 

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