First Property: Done within 4 Month!

[BJ Marshall]

I just closed this past week on my first property, and I owe a big thanks to BP and the community!

I was nervous going into this venture but attended a free webinar in mid-August on how to analyze properties. I got myself a Pro membership and used the ever-living daylights out of the Rental Calculator, which is worth its weight in Vibranium, landing a 3 bed / 2.5 bath property in Columbia, MD. Planning to self-manage, the numbers promise to cash flow at least $200. Truth is, I've gotten my wife on-board, and my 12yo son has helped me do some of the repairs - I include him whenever I do DIY even at home so he can learn skills. My not-so-secret hope is that I inspire my son to get into real estate when he's out of high-school or college.

The community gave me the resources and encouragement to make the most important step - taking action! I went from cradle to grave in 110 days (only because closing was at the end of November). The house doesn't require much work to get renter-ready, so I'm looking to post it within 7-10 days. And then I'm off to start looking for Deal #2!!