Building long term wealth through rental properties.
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 …
I knew closing on a home in foreclosure could be a bit of a process. I’ve read the articles, heard the tales. But the process started out so smoothly, I thought we were going to be able to slide by without any real road bumps. …
Multi-family properties have been popping up on the market in our target area in the last few weeks but they’ve been above our price point and it’s been incredibly frustrating. We just want to land our first deal already!
The night before we were scheduled to see two properties, I was browsing the MLS and noticed a new listing; a foreclosure property near our target area. I quickly texted our realtor and asked if we could add this house to our tour of properties the next day.
The first two properties we saw weren’t very exciting so we made our way over to the freshly listed HUD home.
The deal on the duplex fell through. Apparently, we weren’t the only offer that was accepted. Even though we rushed to sign the offer contract and hand over our good faith money, the seller kept us on the back burner just long enough to go …
A few months ago I decided to stop actively searching for our first investment property and focus on setting myself up for making the first deal. So I worked on building my real estate education through books and podcasts and getting my finances in order. …
