Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago on . Most recent reply

It all started with 20k in 2012
So I purchased my first property a 3 family 33 Upham st Malden in 2012 for 340k I put 5% down
I used credit card to remodel unit 3 and moved in
Got an equity line in 2014 50k paid the credit card and fully remodel unit 1 and fixed up unit 2
Bought a single family and moved out so now
All 3 units are rented for 1400k total 4200 the cost is only 2100 everything 450 principles we cash flow now 2500$ every month
The single family I bought it cash with my brothers money for 200k short sale remodeled with 30k
Sold it to my wife for 350k did not pay realtor fee or capital tax I live on the house
Paid my brother 260k back out of the 230k he land it
So now I have 90k for down payment on the 3 family in Worcester
33/35 Upham st is now worth 600k we own 295k
All I had to start was 20k in 2012 that 20k is now worth 400k 4 years later
That's my story
My goal is 10 triplex cash flowing from 15k to 20k month by 2021
Most Popular Reply

It all started with the movie the secret I watched that movie felt positive and motivated went to a book store on the next morning my eyes went straight to the book called Rich Dad Poor Dad and 5 years later here I am. One more thing I was also an illegal immigrant prior to the movie today I am an American citizen perfect credit score on my way to become a self made I am not bragging I am trying to impaired you out there because if I made this far from where I was imagine where you can go
ONLY IN THE GREAT LAND OF AMERICA !!!!