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Updated over 8 years ago on . Most recent reply

Account Closed
  • Financial Advisor
  • dallas, TX
17
Votes |
19
Posts

What was your first buy and hold?

Account Closed
  • Financial Advisor
  • dallas, TX
Posted

How did you save up for the down payment for your first buy and hold rental?  What income were you making at that time and how much were you saving per month?  How was the purchase financed?  And most importantly, are you happy with your investment?  Thanks in advance!

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Julie Marquez
  • Investor
  • Skagit County, WA
807
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1,333
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Julie Marquez
  • Investor
  • Skagit County, WA
Replied

https://www.biggerpockets.com/blogs/8843/51991-det...

Here's the write up of my first buy and hold deal. I put 20% down, and was saving about $2000 a month from my job of $4600 a month take home. The purchase was finances through Chase Bank. I got a 15 year loan but would now suggest a 30 year for most circumstances. I'm very happy with my purchase - read all about it in my blog!

@Account Closed

  • Julie Marquez
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