Stepping Stones on Investing in Real Estate

By
Real Estate Agent with Real Estate America

I bought a Du-plex for 65K. One side was rented for $450 per month.

My payment was $405 per month.

I lived in the other side rent free.

I found another Owner Contract Home for 56K, no Bank Fees and Financing.

I lived there for about 1 year, payments were $525 mo.

I founf another Owner Contracr home for 63K.

The house I moved from I rented to Low Income for $650 per mo.

That covered my payment for my new purchase.

I again found an Owner Contract Home and repeated the above.

Each additional purchase was covered financially by the the previous purchase.

Steeping Stones on Investing for Retirement.

With only SSI for retirement, I would probably have to eat Crackers twice a day, and live in a tent.

I will help you get stepping in the right direction too.

Lets talk.

Michael R

Comments (6)

Tino Muratore Illinois FHA-VA-First Time Home Buyer Specialist
Allied First Bank - Yorkville, IL

Michael,

"Semper Fi"

Sep 27, 2007 11:27 AM
Maureen McPartlan, REALTORĀ®, San Luis Obispo, CA
Pacific Beach Properties - San Luis Obispo, CA
That's the dream, Michael!  Thanks for the inspiration!
Sep 27, 2007 11:50 AM
Peter M . Christopher
Fairfield County Home Inspection LLC - Fairfield, CT
Residential & Commercial Inspections in
Welcome to A/R
Sep 27, 2007 12:39 PM
Leo Namiot - SimplerHomeLoan
Canopy Mortgage - Leo Namiot - Saint Augustine, FL
Before you chose a lender check my rates and fees

Hello Michael,

      I just wanted to take a minute and welcome you to active rain, it's a great online community.Enjoy!

 

 

Leo Namiot

Benhcmark Mortgage Connecticut

Sep 27, 2007 02:43 PM
Brad Andersohn
Executive Director of Education at eXp Realty - Fairfield, CA
ActiveBrad - 707.646.1876
Michael

I see this is your first post on Active Rain.  Congratulations!!  I just wanted to welcome you to a fantastic Real Estate Industry Network! 

Welcome aboard, I hope you'll continue to blog, and invite others.  Wishing you all the success the industry has to offer.

Enjoy!!

Below are some useful sites and groups you may want to visit right away: You can also use the “search” feature to find almost anything on Active Rain.

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I hope you'll find these to be useful tools in helping you get started here on Active Rain.  You will meet many wonderful people here!! Again, welcome to Active Rain, the best place for your Blog!

Good Luck to you and your business!
Sep 27, 2007 05:01 PM
Ernie Cabrera
REAL ESTATE AMERICA - Ernie Cabrera - Elk Grove, CA
Real Estate America

Mike, welcome to AR.  I am glad you made your first post.  It was good to see you at our office meeting today too.  Good question on your post, it make you think.  Keep up the good work!

 Brad, Good post also, your advice and links are great!

Oct 11, 2007 03:58 PM