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Updated about 6 years ago on . Most recent reply

User Stats

63
Posts
205
Votes
Karam A Tascoe
  • Bluffton, SC
205
Votes |
63
Posts

First investment renovated and rented!

Karam A Tascoe
  • Bluffton, SC
Posted

Well, I am pleased to say that I finally got my first property in Columbus GA renovated and rented. I purchased the property on auction dot com for $25700. Renovations costed $12,000. 

I am all in for $37,700. 

On December 31st I signed a 12-month lease with my new tenants for $1050 a month. Can you say super excited! Now I am trying to decide whether I should refinance and take the cash out or just keep it going and save up the cash to repeat the process in another year or so. I purchased and renovated using my savings so I don't have a mortgage on the property.

Most Popular Reply

User Stats

33
Posts
32
Votes
Jonathan W Dowling
  • Rental Property Investor
  • Augusta, GA
32
Votes |
33
Posts
Jonathan W Dowling
  • Rental Property Investor
  • Augusta, GA
Replied

Did u rehab yourself or use contractors?

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