Intro and my properties

[Zachary Schofield]

I’m relatively new to the owning income property. I bought my first in NOV of 2010, a foreclosed SFH, I bought it for 54K put 3K into it and now rent it for $850 per month. This month I closed on my second rental, a duplex; this was bought under my LLC’s name. I won it at auction for 25k and am in the process of rehabbing it. All told it should take about 10K to fix up, so a 35k total investment, and should rent for between $1300 and $1400 a month.

I think I have made some good investments with these two, but hope to learn from those of you who have done this before.

Zach