Yep! We just bought our first investment property.
But Angel- you talk about your other “investment” properties all the time.
You’re right; but I lived in those properties before I started renting them out. I barely had to have any money down. When you buy a house for yourself, the cash requirement isn’t as high as when you buy an investment that you have no intention on living in.
This house, though, I had to put 25% down of my own money. And the appraisal came in low-so I had to put down even more to cover the difference! (Yikes!!)
But papers have now been signed and tomorrow will be the first day we collect rent! HOW EXCITING!
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