Posts from July 29th, 2024
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July
29
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My Journey from First-Time Home Buyer to Real Estate Investor
Imagine you wake up two and a half years from now with $70,000 worth of equity in your first home. That home is now a rental property and has created a passive stream of income for you. This is exactly what has happened to me and I'm going to share how.
I started small, buying a home I could comfortably afford. It wasn't glamorous - just a 800 sqft, two bedroom, 1 bathroom home in Roanoke City. With just 5% down payment, I was able to secure my first property and start building equity instead of paying rent to someone else.
Fast forward two and a half years, and an off-market opportunity presented itself. So, with another 5% down payment, I purchased my next home in Botetourt County allowing me to keep my first property as an investment while upgradi...
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