Went to buy my first property at a very young age. I think I was about 21. It was a 1BR 1BA condo. The builder was paying the closing costs including my lawyer. Just $3000 down. I ended up buying 4 units on the first floor. I was on my way to being Carlton Sheets.
It didn't work out too well. I'm not cut out to be a landlord. Anyway, each unit was $49,990. I waited 2 years and one month and sold each unit for $75,000. The interest rate was either 8 or 9%.
I love real estate. It was a hobby throughout my life. I am always tempted to move one more time but now listen to my wife. She was a good sport about moving a whole lot and doesn't want to do it anymore.
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