Greetings from Philly

[Lisa Ryan]

Hi!

I'm a new young-blood from Philadelphia. I got into this by accident (at the age of 23) and kind of became addicted to the passive income.

I relocated to the area for my job and rather than renting, I decided to buy a house. I ended up with a 3 bedroom, 2.5 bathroom in far NE Philly. I work for a Big 4 Public Accounting firm and while I'm not rolling in it, I make a comfortable salary and could easily afford my house. However, I saw the opportunity to make money and "live for free" if you will, so now I have two tenants/roommates. My house cost $170 and my whole mortgage payment (interest, taxes, insurance included) is $800. Each roommate pays $500 plus 1/3 of utilities, so not too shabby.

I got to thinking that I could expand this and buy a true rental property, so that's what I'm currently looking to do. I've been out with the realtor a few times but haven't found the perfect piece of property yet. Hopefully tomorrow!