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Updated over 9 years ago on . Most recent reply

User Stats

24
Posts
15
Votes
Pavs Doychev
  • Waterford, MI
15
Votes |
24
Posts

20 Years old bought 3 investment home with a full time job of 60+ hours weekly

Pavs Doychev
  • Waterford, MI
Posted

As a new member to Bigger Pockets this is my first post about my self. 3 homes by the age of 20.... Hopefully 20 homes by the age of 25 as a goal.  Having a full time job in the transportation industry with a busy job of 60+ hours.

Most Popular Reply

User Stats

24
Posts
15
Votes
Pavs Doychev
  • Waterford, MI
15
Votes |
24
Posts
Pavs Doychev
  • Waterford, MI
Replied

Okay, Sorry about the short post I posted, I was driving home from work last night listening to a BP podcasts, at some point Brandon Turner mentioned how important the interaction with other member is... so I figured I would at least start with my first post.  I've been a member so sometime now but never posted anything. 

Ill give you guys some information on what I have done the past year and a half.

My first house was purchased march of 2014.  4 bedroom 1 bath built in 1951 Got it on a short sale. My agent had this listing for about five months with no showings so I decided it was worth the drive to at least see the property.  THE PLACE WAS A DUMP!!!  end of story they had it listed for 29,000 they dropped the price twice in those five months to 24,500. So I put a outrages offer of 10K not really thinking I would get the house, two days later the bank accepted the offer and I got stuck with the home. lol  The roof, porch, siding, and interior had to get gutted, at this point still getting worked on.. The kitchen is left and the basement has to get sealed up.

House number two:

December of 2014 the house sat on the MLS for quite some time and the bank put it up for auction. 2bedroom 1 bath with a one car garage 719sf small thing. purchased it for 25,000 the rehab was 7000. Current rent is 750/m

House number three,

July of 2015 this property never hit the MLS. 3bedroom 2 bath with finished basement and a second kitchen in the basement. Got it for 30K almost move in ready condition, minor repairs. Rehab will be less then 4,000. Hopefully will hit the market by the 15th of this month. at 1000/m

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