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Updated over 8 years ago,

Account Closed
  • Investor
  • Collingwood, Ontario
11
Votes |
27
Posts

My First Rentals

Account Closed
  • Investor
  • Collingwood, Ontario
Posted

On April 29 and May 6, I closed on my first two rental properties. One property has been rented since May 15 and the other property is being renovated. I bought both properties with $0 of my own money. The 20% down payments came from my HELOC. Once both properties are rented, my monthly cash flow will be just over $500, which I will save for future maintenance / repairs. It's been a scary time, but so glad that I took the leap into real estate investment.

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