On November 30th, 2015, we closed on our very first rental property – a 3 bedroom, one bath home in a nearby neighborhood. The pipes we corroded, the kitchen was a disaster, and the hardwood floors all needed refinishing (which I have of course never done in my life).
It was a big project, but we were starry eyed with the investment possibilities. After all, we had the cash for a complete purchase and figured that 100% of the rent checks would go directly in our pockets.
Were we a little naive?
But we all get a little naive with excitement, don’t we?
Related: Our Offer Was Accepted. Let the Rental Games Begin!
We Bought a Rental House With Cash
You may be thinking, “How in the world did you buy this rental house with cash??”
Long story short:
I hate debt. It makes me nervous, angry, . . . → Read More: We Bought a Rental House With Cash – One Year in Review