Single-family residence buy & hold investment in East Haven.
Purchase price: $180,000
Cash invested: $1,000
I bought this property as a house hack. I am a veteran so I did not have to put any money down. The seller covered closing. My only cost was a couple gallons of paint. I put a roommate in one of my spare bedrooms and he covers half my mortgage. I am planning on moving in the spring and he has said he will have a friend move in to cover the full mortgage and give me a couple hundred dollars to put in savings. He has also agreed to buy my furniture (tables, dressers, couch) and my lawn mower/weed wacker. This will give me back my $1,000 I have put in the property.
Sounds great. why are you moving?
@Jason Arcuri I recently moved to with my girlfriend. She has a job she enjoys (and frankly makes more money at) and I plan on growing my rentals anyway.
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