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Updated almost 12 years ago on . Most recent reply

User Stats

29
Posts
5
Votes
Timothy Leong
  • Homeowner
  • San Leandro, CA
5
Votes |
29
Posts

Ready to start!

Timothy Leong
  • Homeowner
  • San Leandro, CA
Posted

Hey all,
I just wanted to say reading post on BP has been a great help. I've been working on buying a rental property for the past year (during college) and now that I have graduated and gotten a promotion at work I finally got into contract. I'm purchasing a SFH for 196k with 20% down PITI=$974 and already has a tenant that's paying $1,425/month (for the past 2 years and wants to stay another 1.5/2 years).
I've gotten this one in place before starting to read BP, but after reading some blogs I'm already looking into a second rental property after looking at some turnkey property.
I cant wait for this first house to close so I can start working on getting house number 2! I'm looking forward in getting to know you guys and helping others as I learn.

Most Popular Reply

User Stats

29
Posts
5
Votes
Timothy Leong
  • Homeowner
  • San Leandro, CA
5
Votes |
29
Posts
Timothy Leong
  • Homeowner
  • San Leandro, CA
Replied

Hey Brandon Turner,
I just started reading the "ultimate beginners guide to real estate investing" yesterday. I'm defiantly going to be reading the other article as well. I just started listening to BP podcast on and to work now (which is perfect since my commute is an hour and so are about each podcast)

Mehran Kamari Thanks! thats what a lot of my friends say, they use to tease me that I was going to school and work full time and not go out parting with them. Now that they see me working for a great company and working on investments they wished they did the same. I always tell them do it at your own pace and not to always assume the grass is greener on the other side. I'm defiantly committed into this, I stay up every night reading articles and doing what ever i can to learn a little bit more as my first deal is closing

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