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Updated almost 11 years ago, 11/25/2013
Confidently Unconfident in Phoenix
Bought a single family rental 2 years ago. The jury is still out on whether I bought the house or stole it...lets's just say I got a great deal. I managed the property myself with no experience and the internet as my mentor.
My first tenant was a nightmare (on paper) and in real life, but I didn't care. I was just excited that someone wanted to live in the house and mail me money every month on the 1st...errrr the 11th...or the 22nd. About 3 months in I was wondering if the lease agreement was written in invisible ink.
Needless to say...I learned a lot. Moved on to another tenant who was wonderful. Continues to learn and grow until the equity grew to the point I wanted to cash out.
I'm interested in flipping to fund buy and hold properties.
Apologize in advance for the long posts...I ramble and I find myself amusing. You've been warned.
Can't wait to soak up all this great info and look forward to the journey. Pot holes are ok...hoping to avoid the sinkholes!