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Updated almost 6 years ago, 02/21/2019

User Stats

161
Posts
221
Votes
Lee Fahy
  • Rental Property Investor
  • Minneapolis, MN
221
Votes |
161
Posts

Investa-Brothel the Odyssey

Lee Fahy
  • Rental Property Investor
  • Minneapolis, MN
Posted

My wife and I had been interested in purchasing a rental property for about a year with the intent of making this a business. She's a teacher, I'm an engineer and we have little faith in the future of Social Security / 401k stability. So bring on the house viewings! After many viewings we decided to look at a 'slightly' downtrodden 1954 ranch with the right square footage. 

Notice the fancy red-white-blue spray painted garage windows! Seems like we may have an artist on the premises (more on that). After viewing the place twice, researching the rent comps and recently sold comp values for the area we decided to purchase it.  Here is my wife after closing...inspecting her snazzy new $60,000 purchase (so much better than an escalade). 

And after she hears me laughing without control:

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