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Updated about 17 years ago,
My 1st property was a success... so far...
I just completed a rehab & rent SFH in Jackson, MS. Got a 75% return on the money I invested into the deal. If you count the equity, then I got a 437% return.
$4370 amount I invested
$7550 cash back at refi
$16,000 20% equity
$145 monthly cash flow from rent
Not bad in 90 days and living on the other side of the country.
Now... if I could just get these results every 90 days...