Real Estate Investing – My 2nd House

Real Estate Investing – My 2nd House

In July of 2011 I bought my first rental property.  My palms got sweaty and my heart fluttered away.  I offered about $5,000 less then the asking price of 59,900.  What a gutsy move especially considering the house was vacant and had been on the market for awhile.  I was nervous, excited, and eager, plus I liked the property.  At this point however, I was like a nervous boy asking a girl on a date.  I just wanted her to say yes.  A house is not a girl, so in…

Getting Started in Real Estate – My First House

Getting Started in Real Estate – My First House

I graduated college, moved back home, and was hired for my first teaching job.  I played by the book. Luckily, a few of my good buddies from college also lived locally, making the transition to the working world a bit easier.  Towards the spring of 2005, one buddy suggested we look for an apartment.  I found the idea of paying rent appalling, so I suggested we buy a house. Unknowingly, my subconscious was already hunting for passive income. I hoped to buy the house and have my buddy pay rent…