My first house
(this is not my house. just wanted to match my theme) Back in 1998 i purchased my first house. I was still in college at that time. I had saved up around $20,000 and wanted to invest the money. I met a real estate agent through my parents and i started to get interested. Back then, homes were really affordable. I bought my first duplex for $190,000 in Los Angeles, CA. Now, you can’t find a foreclosed home in LA for even $400,000. Why did i risk all of my saving and buy a property? Well, it made sense. It made simple mathematical sense. I put my 20 grand to cover the 10% down payment and closing costs. My mortgage and other fees per month was around $1,400/month. I rented out both units for $1,600. I was making $200/month and betting that the property would rise in value over the years. Obviously i made the right choice. Read More to Make Money Online »
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