All Forum Posts by: Jessica B.

I've only one single family from a sheriff's sale in Ohio. It needed cosmetic fixes only. Paint, cleaning and some floor refinishing. It cost about 1000 to get it fixed up, looking pretty nice. Since then we've put more into it. A better furnace was the only big purchase I can think of. I know they aren't always this easy. Some are a real money pits. It's not like you can return the house or do a proper inspection to avoid these pitfalls.

Hi All, I am a full time math teacher who dabbles in rentals. My father has always had them and we love looking for deals together. Tax sales, sheriff sales, auctions ... My first property I got for 9,000 and it was rented by the end of the month. It will have paid for itself by the end of this year. My philosophy is to avoid all debt(no loans) and to reinvest 100%. If only my student would all learn about exponential growth. I live in a different state than my properties which is surprisingly convenient. My aunt fixes and manages the rentals and I do the initial funding. Which means I can do this without much if any stress. Sometimes paperwork can be tricky, but it's worth avoiding the day to day craziness. This year we should have enough saved from the other rentals to add one more to the mix.