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Updated almost 9 years ago,
Our journey
I guess we are luckier than a lot of beginners. 30 yr old from Kentucky. I own my own equine massage business and my partner is a nurse. We sort of fell into being landlords and started out with two condos in Lexington Kentucky. These were good purchases.. Low maintenance, great renters, and decent cash flow. As I have listened and learned it has become clear that with the money invested in these we could be better invested... But for beginners not so bad as I have heard plenty of horror stories.
So last year we diversified. Bought a single family for 60k rents 775 and another building 6 unit - 1,000 sq foot 2 bedroom town homes that rent 550 each for 185k TOTAL... Maybe I'm still new to this real estate thing but that seems like a fantastic deal to us! Would love any opinions there..
We still have the two condos ... Will try to sell the 1 bedroom this month but if it does not sell I want to try it as a vacation rental... As I know many horse people in town for sales shows and business... Plus walking distance to RUPP arena.
Thanks all!