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25: Raising a Family While Seeking Financial Freedom with Chris and Debbie Emick

BiggerPockets Money Podcast

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How to Buy Your First Property

We did a lot of background work. Chris is not traditionally a risk taker. That's why we had saved so much money. And then a realtor just helped us stumble upon this property that was actually two separate single family homes, but in one purchase because they were on the same deed. So after all of our research, we didn't pay cash for the property, we leveraged. We put about 15,000 rehab into them total. And we were able to rent them both together for about $1,050 a month. Our cash flow on that property isn’t over $1,000 a month,. But it was a $30,000 investment for $1

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