Reluctant Landlord - 1st home
Investment Info:
Single-family residence buy & hold investment in Frankfort.
Purchase price: $127,000
Cash invested: $30,000
1st home I purchased before the real estate crash. Two years later, I moved for my job and have been renting ever since. I currently owe less than sixty and will have it paid off by end of summer.
What made you interested in investing in this type of deal?
This home isn't a deal, but I have learned a lot being a landlord for the past eight years.
How did you finance this deal?
30-year traditional fixed rate home
Lessons learned? Challenges?
Should have refinanced it sooner to have more cash flow.