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Updated over 5 years ago,

User Stats

152
Posts
90
Votes
Erica Larence-Penna
  • Attorney
  • Rhode Island
90
Votes |
152
Posts

Finally Under Contract!

Erica Larence-Penna
  • Attorney
  • Rhode Island
Posted

After having four other offers rejected over the past three or so months, we are finally under contract on our first deal. It’s a four-unit in RI for $245,000; all units are currently rented out. My girlfriend is going to live in one of the units, and, granted no major issues arise, we’ll actually make money even with her living in it that first year. We plan to renovate her unit over the course of a year and we’ll renovate the other units if tenants decide to leave.

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