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Updated over 9 years ago on . Most recent reply

User Stats

185
Posts
97
Votes
Alex M.
  • Investor
  • Philadelphia, PA
97
Votes |
185
Posts

Just bought my second property!

Alex M.
  • Investor
  • Philadelphia, PA
Posted

Closing happened this afternoon. Just finished re-keying the place and will be getting quotes on the rehab work shortly. Hope to have this one rented a little quicker than my first - bought in Dec and rented by June 1st. 

I have one more under contract, and will be closing on my 3rd on September 4th.

My goal on Jan 1st was to aim for 4 this year. It's taken a while to get to this point, but it looks like it may be possible to hit this goal before Dec.

Most Popular Reply

User Stats

185
Posts
97
Votes
Alex M.
  • Investor
  • Philadelphia, PA
97
Votes |
185
Posts
Alex M.
  • Investor
  • Philadelphia, PA
Replied

@Michele Fischer

These two require moderate rehabs. Some electrical. Kitchen/bathroom cleanup. Floor sanding/refinishing, painting, one or two windows and some wall/ceiling patches. Nothing major. Roofs are good. Mechanicals are new. 

Both my fiancé and I do work full time. I have a demanding job that keeps me working evenings and weekends and traveling around the country frequently. I also have two kids with my ex, so every other weekend is tied up. This makes it challenging. But also motivates me. 

My fiancé and business partner has a little more flexibility. She's a realtor. Her day today is mostly property management with some sales. But still not a lot of extra time. 

In regards to the goal - that's all it is. I'm pushing myself with a target. If it looks like that will slip, I'm okay with it if it means I do a quality job of the ones I have. I know I'll get there eventually, but I like to stretch myself with achievable but challenging goals. 

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