Investment Journal
Document your investment journey, track decisions, and capture lessons learned.
3
Total Entries
2
Properties
1
Lessons Learned
1
Wins
Closed on First Rental Property
Finally closed on my first investment property! Negotiated $15K below asking price. The inspection revealed minor issues but nothing major. Key lesson: Always get multiple contractor quotes before closing.
Kitchen Renovation Complete
Kitchen reno finished $2K over budget due to unexpected plumbing issues. Should have budgeted 20% contingency instead of 10%. New appliances and countertops look great though. Expect to increase rent by $150/month.
Importance of Tenant Screening
Learned a hard lesson about tenant screening. Rushed the process and now dealing with late payments. Going forward: Always verify employment, check references, and run credit/background checks. No exceptions!