Buy and hold single family

5 Replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $189,000
Cash invested: $20,000

Single family. 3 bed 2 bath.

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

Bought as primary residence. House hacked for 3 years then moved out and rented it.

How did you find this deal and how did you negotiate it?

Agent

How did you finance this deal?

First time buyer

How did you add value to the deal?

Remodeled the entire house.

What was the outcome?

Renting

Rents continue to increase in the 10+ years I’ve owned it. Started off by breaking even. Now I rent it for $1,625/ month

Mortgage is $1,025

I cash flow $525


I manage it myself from Denver! My tenants have been great and pay on time.

All the deals I've done after this I won't touch unless I'm cash flowing at minimum $500. Just not worth the investment if it doesn't cash flow. Although I'm not completely against it. Look at this one! The first 2 years I was only cash flowing $30. My mortgage payments have stayed the same but rent continues to increase. I love real estate!

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