I am goin to try to start keeping this thing updated and maybe even post some pictures,
COMING SOON!
BUY, FIX, RENT
My New Found Experiences with Real Estate
Wednesday, November 2, 2011
Second Purchase
I have bought house number 2. I went in with a partner and inted on flipping this house to give me some capital to buy two more rentals.
Monday, February 28, 2011
Monday, January 24, 2011
The Search for my First Home
I am going to backtrack and talk about the search for my first home.
I was looking to buy a smaller home (no more than 1500 sq ft) for the purpose or renting it for a few years and selling it. I wanted the home to be close to me. I live Willoughby Hills which is 25 min east of Cleveland, Ohio.
Some factors I had to consider when looking for the home were:
1.) taxes-how much will be deducted from my monthly rental income
2.)bed/bath- the more bed/bath then obviously the more I can charge for rent
3.)price-another obvious one, price was a factor( I originally wanted to spend no more than 50k)
4.)location- who can I rent to? How does the market/ resale value for these homes look in say 5, 10, 15 years?
I was looking to buy a smaller home (no more than 1500 sq ft) for the purpose or renting it for a few years and selling it. I wanted the home to be close to me. I live Willoughby Hills which is 25 min east of Cleveland, Ohio.
Some factors I had to consider when looking for the home were:
1.) taxes-how much will be deducted from my monthly rental income
2.)bed/bath- the more bed/bath then obviously the more I can charge for rent
3.)price-another obvious one, price was a factor( I originally wanted to spend no more than 50k)
4.)location- who can I rent to? How does the market/ resale value for these homes look in say 5, 10, 15 years?
Why This Blog Exists?
I am making this blog because I am a 20 year old college student interested in Real Estate.
I started to act on my interest about a year and a half ago when I searched for houses on the web. Then on December 15, 2010 I bought my first home with the idea to fix and rent it for income.
In this blog I will talk about how I did what I did and post pictures and videos of my progress and talk about future plans. I will cover mortgages, home improvement, rental problems and everything else I experience.
I would love to hear from others about their plans or experiences as well.
I believe Real Estate in our current time is our best investment and will make us some of the wealthiest people in the next 20 years.
I started to act on my interest about a year and a half ago when I searched for houses on the web. Then on December 15, 2010 I bought my first home with the idea to fix and rent it for income.
In this blog I will talk about how I did what I did and post pictures and videos of my progress and talk about future plans. I will cover mortgages, home improvement, rental problems and everything else I experience.
I would love to hear from others about their plans or experiences as well.
I believe Real Estate in our current time is our best investment and will make us some of the wealthiest people in the next 20 years.
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