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Updated almost 9 years ago,
Closing on #5 on Friday...First SFH. Is this really happening?
Hey guys. I'm new to BP and I'm so thankful for all of the insight each of you provide. I also thank God for his continued guidance in my life. I'm closing on my 5th property on friday. SFH. 65,000. Cash purchase. Rented at 1,100/month. A home just went for sale 2 doors down for 119,000. Taxes and Insurance will run about 260 per month. I own my other 4 properties outright (condos). I'm really "eeking" out this deal at the 12th hour because I'm pregnant and due in 3 weeks...with a 20 month old at home!! I'm sharing this to emphasize that when you absolutely LOVE doing something, nothing can stop you!!! Baby steps lead to leaps!! Newbies push forward...you can do it...follow your dream!! This business is incredible. I'll need to start looking into cash out refinances now because I'm running out of money so I'm looking forward to exploring that arena and learning how to leverage. I've been able to buy the properties cash from a combination of stock investments and my salary...work from home in IT...a job a love and dont plan to leave. Anyhow, before I start rambling.....thanks again guys, good luck to all.