We purchased the vacant land on 1/29/23 and built the duplex that spring/summer.

Congrats on the property purchase.

This cash can be used for immediate needs or future growth of your portfolio.Reinvesting Strategically: The available cash can now be used strategically whether that be upgrading one of your existing properties or purchasing a new property.

Purchase price: $505,000 Cash invested: $55,000 Sold our first condo and used the equity as down payment and for a couple upgrades on this this single family primary residence / house hack.

Purchase price: $38,000 Cash invested: $48,000 Single family, Home in an older established neighborhood needing complete updating.

I have never purchased a property in LC that does not cash flow. 

Purchase price: $36,000 Cash invested: $50,000 Sale price: $275,000 Bought a house, fully intending on living there.

Hi there;  one way that has worked for me is to create an account with my bank ie: If I purchased a 4 unit at 1014 Lincoln- I then would open a bank account called Trust 1014.  

I inherited the lease at purchase.

I am getting ready to purchase my first rental property, and am going through the process of what I want my leases to look like.