Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 9 years ago on . Most recent reply

User Stats

103
Posts
13
Votes
Vy Mai
  • Andover, MA
13
Votes |
103
Posts

Got our 1st rental single house

Vy Mai
  • Andover, MA
Posted

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 :)

Most Popular Reply

User Stats

1,350
Posts
688
Votes
Linval T.
  • Investor
  • Bay Shore, NY
688
Votes |
1,350
Posts
Linval T.
  • Investor
  • Bay Shore, NY
Replied

@Vy Mai

Congratulations on your accomplishment and welcome to the world of landlording.

I added a guide below for reference.

https://www.fanniemae.com/content/tool/landlord-gu...

Loading replies...