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Updated over 3 years ago on . Most recent reply

User Stats

36
Posts
28
Votes
Jamel Brown
  • Real Estate Agent
  • Jacksonville, FL
28
Votes |
36
Posts

1st Rental Property (Deal Closed)

Jamel Brown
  • Real Estate Agent
  • Jacksonville, FL
Posted

Its official I was just notified that my offer for my first rental property was accepted! In total this will be the 2nd property I bought this year. I am currently house hacking the home I am in today, this yields me $1000 in extra income each month. After running through rental trends for rental property, I am expecting to receive $308 in cash flow (7.53% Cash ROI). In total this will put me at $1308 a month in cash flow with only two properties under my belt! Thank you Bigger Pockets for all the advice, motivation and encouragement. I still have a lot to learn, so best believe questions and comments will appear from me. I will keep the forums posted on my adventures and when I will purchase my 3rd property.

- CERCA TROVA

Most Popular Reply

User Stats

241
Posts
250
Votes
Kayla Givens
  • Real Estate Broker
  • Denver, CO
250
Votes |
241
Posts
Kayla Givens
  • Real Estate Broker
  • Denver, CO
Replied

Hey, @Jamel Brown!

Congrats on getting into your next property! Are you going to house hack this one too?

Best of luck!

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