Our First Rental Property (And How You Can Learn from Our Mistakes)

This is the anatomy of a rental property. Specifically our very first rental property.

If you’ve ever considered getting into real estate investing, read on to see how we did it.

Our First Rental Property – The Duplex

Our very first rental property was a full duplex, built in the 1960’s.

Our First Rental Property – The Duplex

Both sides were 2 bedroom, 2 bath and 1350 square feet each.

How We Found the Property

It was a foreclosure listed on the MLS (multiple listing service).

How We Found the Property

It was listed at $120,000 and we came in over asking price knowing it was underpriced.

How We Found the Property

We offered $130,000 and I think barely beat out the other offers.

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