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Posted over 2 years ago

First Real Estate Deal - ZERO $0 Out Of Pocket

My first duty station was in Warner Robins Georgia where I was when I bought my first house. Prior to that, just growing up in rural Alabama, I didn't have a lot of information about investing - I didn't know about real estate, didn't know stocks and bonds, didn't know about how to raise money or any of those types of ideas on how to generate wealth and how to build passive income.

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However, I moved to my first duty station and figured it out when signing the lease on my apartment. I had to have a relative sign on the lease because my credit was screwed up which was a truly humbling experience. Over the course of 10 months, I got my credit together, got my bills paid, and got it all figured out. It really helped me and it allowed me to be in the position to buy my first home.

I had a really good friend of mine come to me with an opportunity for us to go half on a duplex. He would buy one side and I went on to buy the other side. It worked out well where I was paying over $300 less than what my two-bedroom apartment was costing me and I actually got money back at closing with zero dollars out of pocket! After that experience, I have been hooked on real estate ever since!



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