Life is good!
I haven't posted in a while. Thanks to those that have requested updates. I now have two SFH's rented out, and am closing another one on Monday that I'm going to flip. Here are the numbers...
house #1
purchase price: $22.5k
rehab cost: $14k
total investment: 36.5k rent: $750/month
house #2
purchase price: $30k rehab cost: $6k total investment: $36k rent: $950/month
closing on Monday on a 4/2 SFH in a nicer neighborhood. Purchase price: $35k. renovation cost $15k. Will list for $115k, should sell for around $100k.
My rentals have been going well, tenants pay on time...can't compain! A special thanks to Mike OH for providing his business model which I use everyday!
Hope your investing is going as well as mine. I'm not starting big, but I'm getting it done!
Comments (1)
Congrats on Getting it Done, Rich! Keep us in the loop.
Joshua Dorkin, about 15 years ago