Investor · Cleveland, OH · Member since 2013 · 120 posts · 77 votes
Tell me about your first real estate deal how did you find it ?was it a house hack?what did you learn? Was it profitable?
the first property I purchased was in Cleveland back in 2005 a single family that I purchased for 22k cash and i rehabbed it after work and on weekends this property was in the hood I put 12k in it put a tenant in and sold it for 79k to investor who an real estate agent referred me.
Mechanicsburg, PA · Member since 2013 · 3k+ posts · 2k+ votes
1y
In Bigger Pockets Podcast #82, I talked about my first purchase. Bought it at an auction, property was owned by the statem paid $27,000. Didn't pay rent or mortgage for 6 months, and then 100% financed. first moved in and house hacked bedrooms, then rented the whole house and moved out. Eventially sold for $99,999. House was 17 years old all brick rnach house with Andersen windows, solid hardwood floors, gas heat, ceramic tile baths and a new 6 month old roof.
Mechanicsburg, PA · Member since 2013 · 3k+ posts · 2k+ votes
1y
@Andre Brock Since that first purchase, the first 11 properties I bought were all 100% financed as I had no money. And subsequently I bought and sold over 1,000 properties for my own inventory, and the last 100+ properties were bought 100% cash.