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Updated almost 9 years ago,

User Stats

12
Posts
1
Votes
Lamon Woods
  • Monroe, LA
1
Votes |
12
Posts

Was this an great investment for my first property at 25 yr old

Lamon Woods
  • Monroe, LA
Posted

I bough my first property an 25 years old two years ago in 27 now the property was an double wide mobile home 1580 sq ft 3br 2bath I was renting for an year for 550$ an month an I knew my dream an passion was to own rental properties oneday to stage an great life for me an my family so I called my landlord oneday an ask him to sell an told him my vision he like my drive an passion for real estate so he said if I could get him $15,000 buy the first of the year so me an my wife at the time my girlfriend decide to take our income tax money an buy the property cash we did live in one more year did the floors an an few cosmetic things we just moved into an 4br 2,500 sq ft home an we plan to rent that property our $575 an month we stand to make $6,900 a year on the property to help pay half our mortgage on our new home we pay have an put back in our maintenance account every month for repairs...was it an great start to my invest portfolio? 

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