Just Got My 2nd Property Under Contract

[Dan Kelley]

My wife and I are currently owner occupied in a duplex, however I just got word yesterday that the seller has accepted my offer on a 6 unit building!

The agreed upon price is $108,000 with seller paying closing costs. We are set to close around March 4th. 

Super pumped to finally get some momentum. At the end of 2015 I set myself some goals for the next 2 years. My first goal was to get a 4-plex under contract by 12/31/15 that cash flowed at least $400/month. I missed the deadline by a few weeks, however I got more units and better cash flow, so I think it's a fair trade!

My next goal is to purchase another 4 plex or larger by September of this year. I think I may have to get a little creative if I want to make that happen, but we'll see how it goes!