Officially took the plunge Zero to 10

[Frank Patterson]

I would like to say thanks to this group, Bigger Pockets pod cast, and all of the helpful members.

I have been researching, following posts, and listening to podcasts for several months.

I took the plunge last week with my first property(s).

I bought a property with 8 apartments, 2 SFHs, and 10 acres of land for expansion.

Total cost of about 450k after closing and insurance.

It will cash flow at approximately 3300 per month after all expenses, with room to raise rents as vacancies come up. The property appraised at 160k over purchase price.

Again thanks for all of the guidance and help from everyone.

From Zero to 10 in one fell swoop. Here's to the next 10.

Happy Thanksgiving

[Nneka I.]

That's amazing 10 units! What type of financing did you use and was this an offer market deal.