Under Contract On My First Rental Property!

[JJ Buckner]

First, I want to give a HUGE thank you to those of you that have inspired me and a HUGE thank you to Biggerpockets for being one of the main reasons I feel comfortable to make this large jump into becoming a Real Estate Investor. I am currently under contract for my first property and will be closing in September. This has been a long process for me but it has finally happened. I have been primarily looking in the Kansas City market and found out real fast just how hard it is to find a deal right now. Everyone and their brother's nephew's dog is buying real estate in the KC area right now. I have been outbid on idk how many properties but did not let that get me down (although it was tough at some times). 

Just wanted to jump on here real fast and give a quick thank you to Biggerpockets and the REI community for all that they do.

Here is a snap shot of the numbers for the deal. Note: I already have money sitting in an account for any repairs, vacancy, etc.

[Don Mangiarelli]

@JJ Buckner Congratulations. Only thing I would say is that you should still put in the numbers for CapEx and Vacancy and Maintenance, even though you have that money in an account. It is still going into the property and you need to show it in the numbers. You say you are adding a half bath, that is a cost and it should reflect against your numbers for accuracy. Looks like a great deal!