Closing my First Buy and Hold Deal

[Hud Hudson]

Hello Everyone,

My name is Hudson, and I decided to buy a house in my neighborhood as an investment property.  I am scheduled to close in three weeks, and plan to promptly have new floors installed, a fresh interior paint job, and put it on the renters market.  This is my first investment property, and I'm very happy to have found BiggerPockets.com.  I think it will be a major contributor to my decision making.  

I am closing on a 15 year conventional loan with 25% down, and hope to pay it off in 10 years.  I'm a little nervous about finding good tenants, and hoping the expenses are not going to be tremendous, as I'll have a very small margin for the next 10 years. 

I'm happy to join the community and look forward to learning a lot, and sharing valuable experiences.

Regards,

Hudson  

[Jay J.]

Congrats @Hud Hudson !!

Check out this blog post from @Brandon Turner for info on getting great tenants in that property of yours!!  Tenant Screening: The Ultimate Guide --> http://www.biggerpockets.com/renewsblog/2013/01/27...

Good Luck!!!