Updated over 10 years ago on . Most recent reply
Hello from the capital of the free world
I'm supposed to intro myself.
Okay, here is the quick rundown.
I bought a house in 2001 in a rough "transitional" neighborhood to live in as a single woman. After 3 years it doubled in value, and has kept going up in value ever since. I rehabbed it several times in phases. I took some of the money from a refinance and bought a house in Florida. That is my 1st and right now only investment property.
Buying the Florida house for cash (it was really cheap) was the coolest thing. When there was talk of sequestration having that rental income gave us (I got married, so we/us) some peace of mind. My mother manages it (that's another story) and when we go to visit her, because we are visiting the rental, part of the trip is tax deductible. Yea!
Looking to invest in other cities with "transitional" and historic (without being in an historic district) areas.