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Updated about 12 years ago on . Most recent reply

User Stats

26
Posts
4
Votes
Tom V.
  • Torrington, CT
4
Votes |
26
Posts

Newbie from CT

Tom V.
  • Torrington, CT
Posted

Hi guys.
We are total newbies when it comes to real estate investing.

But due to unforeseen circumstances (bme becoming disabled and no longer able to work) we decided to give it a shot and enter the market.

We purchased a 3 family multi for 155k with only 20k down.

Income is 2300 total monthly, and pays off the mortgage, as well as a good 80% of my own home's mortgage.

We couldn't be happier!

We should have entered the market much sooner.

With what we're saving, we are putting enough away monthly to make another purchase sometime before the end of this year. Albeit a smaller purchase, as as good as the deal was, looking back, it could have been better....
Anyway, you learn on your 1st try, right?

Unfortunately, I never found BP before I made the purchase. But now that I have, i'm addicted, and can't stop reading! LOADS of valuable info here!

I look forward to talking with and learning from you all!

Thanks for having me!

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