Home Values

I have some good news. I bought two houses relatively close to each other over the last 1.5 years. I purchased my personal residence at $159,000 and my investment property at $164,000. I am happy to say, that values have gone up significantly. Right now, the same properties are going for close to $187,000. So after some calculations, that's a total equity increase of $53,000. Not bad for a year and a half of having 2 properties. I am just happy that I didn't lose value on my homes and I'm not upside down on my mortgages.

Property #2

I guess what has transpired over the last few months is I had to kick out my first tenants. They were squatters... So within 60 days I got rid of them and found new tenants. Right now, I have tenants living in my property and they seem like a great couple and they advance paid me. They are paying me $1200 per month.