I just "diversified" big time.

[LRAO]

I closed a while ago but didn't want to mention it here until everything was in the clear.

I just bought my first home, a 3-on-a-lot in Southern California. Got a "good" deal on it, as I purchased it directly from the seller who was referred to me by a patient of mine.

Anyways, it's got a 4 BD/2 BA house in the front, and a 4/2 + 3/2 duplex in the back.

With me living in the 3/2 and the rents from the other two, it costs me $800 to make the payment which includes mortgage, tax, and insurance.

Looking forward to sharing my landlording headaches with you all!

 

[Spanky]

With me living in the 3/2 and the rents from the other two, it costs me $800 to make the payment which includes mortgage, tax, and insurance.

That's a good deal in Southern Cal.

Have fun.

 

[unclemick]

Enjoy

Time, temperment, and location - I suspect real estate has anchored/funded many a FIRE - even though us stock cats 'may, I say 'may' be more verbose and prone to pontification.

 

[Mr._johngalt]

I could have done it entirely with real estate and maybe
I should have. I kind of drifted into manufacturing and stayed
for over 30 years, which left little time for real estate,
which was my first love. I still lust after "deals" kind of like an old man still checking out an attractive female.
It's hardwired. The fact that it's going nowhere doesn't
stop you from looking.


JG

 

[Berkshire_Bull]

Congrats again, Mr. Real Estate Baron!

 

[P.S.]

Sounds like a great deal...Congrats! Hopefully the lineal footage between your door and theirs will deter petty requests.