We’re Buying An Investment Property!!!
Alright, everybody. It is official. We are under contract for an investment property!!!
I am still a bit in shock, but happy to be under contract and actually moving forward. Now we play the waiting game while it is built and go from there. Now we have to get the mortgage stuff squared away. But, step one is done and it was a huge step. This home should bring in a net of $400- $500 monthly which is great.
It is a new build, and it will be ready later this year. It’s only 15 minutes from our house which is a huge bonus. Also, the pricing also increased by $20,000 after we went under contract so we’ll have equity before we even close on the home.
The main reason we are looking at investment property vs just investing in index funds is for the monthly cash flow. With my job being 100% commission, there are some times when I just don’t get a paycheck. Being able to offset those times would be huge for us especially with us being a single-income household.
Not much else to say. This is just a huge thing. 😂
Have you ever had an investment property? How did it go?
Feature Photo by Aziz Acharki on Unsplash
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