The story of my third rental property in Alabama
A while ago, I met a fellow military member who owned six rental properties that he acquired over two years. I had him explain how he did it, and decided I would do it too!
I bought house #1 in cash for $30,000. It needed a lot of work and was quite the challenge to remodel (This is an understatement).
I bought house #2 in cash for $45,000, but this one was move-in ready! Didn’t even have to vacuum. Way easier.
How did I get an awesome deal on these and house #3??
It takes a certain personality to do this. I was uncomfortable doing it at the beginning.
Truth be told, still am today. But it’s essential.
Luckily, my wife has no problem doing this:
The secret is: