Single-family residence buy & hold investment in Newport.
Purchase price: $325,000
Cash invested: $1
Originally purchased this property with $0 down payment using a VA home loan, lived in it for 3 years and then converted it to a rental property when I moved with new military orders. Cash flow is not the best since the mortgage is high due to little down payment but ROI is infinite. Owning property on an island is more for the appreciate game than cash flow. House is in good shape so I am able to manage it remotely from FL.
Free eBook from BiggerPockets!
- Actionable advice for getting started,
- Discover the 10 Most Lucrative Real Estate Niches,
- Learn how to get started with or without money,
- Explore Real-Life Strategies for Building Wealth,
- And a LOT more.
Sign up below to download the eBook for FREE today!
We hate spam just as much as you