Building long term wealth through rental properties.
The Troop and I have been homeless for the past four months. Okay, that’s an exaggeration. We’ve been staying with his parents. But we’ve been without our own home for that long. Please follow and like us:
It’s been a few weeks since we closed on our first investment property. Rehab started a little slow. We closed the Friday before Memorial Day weekend, and being big fans of the Jersey shore, we both shot down to the beach within hours of leaving …
Last week, May 26th, we finally closed on our first home and investment property! It’s been a wild past 30 days from trying to figure out how much to bid on a HUD home, dealing with the township and utility company, and then when we thought we were in the home stretch, finding out the place had gotten broken into. But it was all worth it and we’re excited about the next steps.
The Troop and I have a goal. We want to build a long-term buy and hold real estate portfolio that will eventually fund our early retirement. And this first property is finally kicking us off. I’ve been researching and reading and trying to learn as much as possible about real estate before closing on a deal. I’ve let analysis paralysis take over. And then one day, I had enough. I was all talk and no walk. So I committed to closing on a property in 2017.
And we finally did it!
Inspection Day! This day has been long-awaited. As an eager wannabe investor, I called to schedule an inspection even before attorney review was over. I was going to be the most proactive home buyer and no way would inspection related problems delay closing. That wishful …
