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Updated over 7 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Adam Coleman
  • Investor
  • West Portsmouth, OH
2
Votes |
6
Posts

new to rental property but i don't think I'm doing to bad

Adam Coleman
  • Investor
  • West Portsmouth, OH
Posted

I bought my first lot for 7000 and put a mobile home on it.  I've got around 20000 locked up on my first property.  its free and clear.  i purchased my second property, a house for $6000   ill have around 23000 and ill owe about 10000 on it.  i just closed a deal on my third property through a freddie mac foreclosure for 6800.  i think i can fit a mobile home on the lot as well and I'm looking at turning the garage into a single bedroom apartment.  

Most Popular Reply

User Stats

797
Posts
112
Votes
Robin Boyer
  • Surveyor
  • Hemet, CA
112
Votes |
797
Posts
Robin Boyer
  • Surveyor
  • Hemet, CA
Replied

Were might I ask can you get houses lots for that cheap. 6000 for a house?!? Holy smokes!

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