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Updated over 3 years ago,

User Stats

4
Posts
1
Votes
Arden Aemmer
  • Contractor
  • Mishawaka, IN
1
Votes |
4
Posts

Bought my first property!

Arden Aemmer
  • Contractor
  • Mishawaka, IN
Posted

Hey I finally took the plunge and bought my first property at 28 years old! Woohoo! Its a rental property here in Indiana for 36k, has a renter already in it at the end of the lease doing month to month. Not a huge cash cow but useful to show as a loss on my income when I keep track of my expenses. I'm working as an electrician making good money and I wanted some advice on how to proceed. Closing and down payments are a lot. If I keep on doing small deals I could see this taking a while. What are some ways you guys get enough money for another deal? Of course I'm not going to do something again right away but I'd like to start planning and making a path so I'll be ready when the time comes. Also any other advice that you have would be greatly appreciated. Thanks!!

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