After the success of this last house, we discussed 2013. We decided to keep a minimum balance of $5k in our account at all times. $5k became our new zero. This recent house had brought us down to $5k (our zero). With $1,950/month coming into the account we figured we could buy 2 more $70k houses before the end of 2013. I decided to set our goal at 5 total properties (around $70k each) in 2013. My Dad and my brother don't think it's possible but I wanted something to strive for!
So all in all, our 2013 strategy looks like this:
5 units
3 bed, 2 bath houses in either Memphis or central MS
~$70k each
We have no idea how we're going to do it, but it's our goal!
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