New Member from Douglasville Georgia
I have actually been a member of BP since July, but this is my first post. I listened to all the podcasts (some twice), read the free books from BP, and bought Brandon Turner's book on investing (title is too long).
I have been toying with buying a property for several years, but was afraid to pull the trigger. Unfortunately that caused me to miss the sale of the century on housing, but there are still a few good deals left
I plan to start with SFH's and reevaluate after I get a few under my belt. I just closed on my First property last week. It is tenant occupied, which is good, but scares me a little. I didn't screen the tenant, but he has been there for 8 years, and has 10 months left on his current lease. If he pays on time, I'd love to keep him another 8 years.
I think I got a good deal. I payed 70K for the property, and it is renting for $900. this is about $100 below market rent, but if it keeps the tenant in place, I'll let it sit below market.