Rental #3 in the bag

[Harry M.]

It's just a little step, but a step nonetheless - we closed on rental #3 last Friday (coincidentally my birthday), and rehab is underway. This is our first rehab, and we are kind of looking at it as our practice rehab before buying a property to fix up and flip.

After buying our first two rentals in 2010, some problems with extended family hit in 2011, and it wound up being a drawn out and expensive ordeal. It took us all of 2011 and most of 2012 to get back to where we were. After that set back, it's really rewarding to have been able to add another rental, and get back in the game instead of just talking about it.

I'm sure I'm going to be learning lots this go around, especially with it being our first rehab.

-Harry