Single-family residence buy & hold investment.
Purchase price: $125,000
Cash invested: $125,000
Family Cabin on a Lake in Northern Minnesota. Rented it out for the first 4 years to help afford the remodel.
Value tripled by 2005. 2007 to 2017 did not rent out. Began to VRBO this property in the summer of 2017.
Pulled $257,000 out to purchase a hotel in October 2005.
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