Closing on my 2nd and 3rd deals on the same day!

[Jason Muenchow]

In one week I'll be closing on my 2nd and 3rd properties. I just wanted to say thank you BP for providing information/confidence to move forward getting my own properties. Ill post the numbers below! 

-Both duplexes are side by side.

-Each unit in both duplex is renting out for 900/month

-My wife and I plan to live in 1 unit for a year and repeat the process

-New everything in 2012 (windows, roof, doors, AC units, water heats, showers, kitchens).

-165k Purchase price - 3.5 percent down - 3.75 rate - PITI (with mortgage insurance) 1100/monthly payment - Seller contributing 5k towards buyer closing costs.

-163k Purchase price - 25 percent down - 4.625 rate - PITI 880/monthly payment - Seller contributing 3k towards buyer closing costs.

-Total PITI = roughly 2k

Gross rents = 3600/month

Total cash invested = Roughly 53k

Thank you again to everyone on BP who help others on their investing journey.