In Minnesota, we have a fairly involved foreclosure process. After a sheriff’s sale, the owners has 180 days to redeem the property, and prevent the property from returning to the lien-holder. This was my first sheriffs sale purchase, and my sixth investment property purchase.
My first investment property I was ever involved in was before I ever owned a place for myself. I was living in my dad’s duplex while I was going to college. I was lucky, he paid the bills, and I paid for my college. He lived somewhere else, although it was close by. This is the story of how I became the owner of my first property. Continue reading “My First Investment Property”