Investment Info:

Single-family residence buy & hold investment.

Purchase price: $135,000
Cash invested: $7,500

We needed a place to live for 6-18 months so bought instead of renting and took advantage of the primary residence loan with only 5% down. We new were would live there for a short term and eventually turn it into a rental property, so we bought with that mindset. We were low on cash and to busy to take on any serious projects so bought a place that was turn-key, at a great rental price point. Seems simple, but compared a $28K down Investment loan my $7K down property is a winner.

What made you interested in investing in this type of deal?

House Hop kind of fits you're investing along the path of your life while taking advantage of the great perks of a primary residential loan.