My 1st Rental Deal

[Huy N.]

Hi fellow Investors,

I want to share my 1st rental deal with everyone. I'm by no mean want to brag about myself but i want to encourage new members, especially young members to take action as early as you can. Would you rather have a million in 401k or a million worth of investment housing that can create you passive income?

This is back in the day when the market is trying to recover and i have the luxury of pick and choose foreclosure with minimal competition.

This is in Houston Texas and i bought it for 74,200$ 20% down. Clean foreclosure house that can even pass appraisal and inspection for a 30 year mortgage. i painted some wall and they was able to rent it out for 1200$ to a nice family. my PITI was less than 600$ a month with a 4.99% 30 years mortgage.

The house now appreciate to more than 100,000$ after 3 years.

I believe that the earlier to start investing, the better. Write down all your excuse for not investing on a paper and burn it!

If a broke college student like me could do it, any one can.

Thank you!

Huy

[Huy N.]

Originally posted by @Sam B.:

@Huy N. Congrats. Would love to hear more about your syndication deals, especially your first one, how you put it together, etc.

Sure @Sam B. . I'm lucky to have a very supportive family who understand the value of real estate and support me when i need help. I do syndication with my family members but looking to branch out to the 2nd and 3rd circles soon. I will post my 1st syndication deal soon. it was a good one as well.