First deal complete at 18

[Chris Trupiano]

Hi BP!

I'm happy to finally share a story in the success stories section! I closed on my first house two days ago at the age of 18. It still feels crazy to me. It all wouldn't have been possible without my great mentor. That was invaluable doing this deal so young and having no experience. 

So the house. It's located in Kansas City in a lower income but not horrible area. It's mostly families that have lived there their whole lives. The purchase price was $43,500. My intention is to do a contract for deed/rent to own deal like my mentor does, the reason being that I'd still have his mentorship in the process, great cashflow, and very low level of maintenance as I'll be around a hour away for college. This is not my long term strategy.

This deal really showed me and I think everyone should know you don't need to know it all before you jump in. You will learn as you go. Yes my mentor helped me so much and that was invaluable but even so I have learned so much more concrete things about real estate than I have from all the books I've read. BP has been a great help for me along the way also. If anyone is still thinking about getting started, even if you don't have a mentor, do it. You will learn as you go and BP members are always willing to answer questions (thank you so much to all that did this for me).

If anyone has experience with contract for deed/rent to owns I'd love to connect with you. I'm always looking for advice and willing to share what I or my mentor has done. Also anyone in Kansas City or Lawrence I'd love to talk anytime.