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Updated about 9 years ago on . Most recent reply
Got our 1st rental single house
We just closed on a deal 2 days ago. Still unbelievable. We got the down payment through home equity loan from our primary residence. Our income will be only $89.... but I still consider it a success. We are renting it to our seller and the rental income is a little less. Our projected income will be $889. However this number doesn't include vacancy or fixing up expenses. Still I am excited!! What's next is in my mind :)
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![Linval T.'s profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/260998/1621437049-avatar-linval.jpg?twic=v1/output=image/cover=128x128&v=2)
Congratulations on your accomplishment and welcome to the world of landlording.
I added a guide below for reference.