First buy and hold that turned into a great investment...
Investment Info:
Condo buy & hold investment.
Purchase price: $147,000
Cash invested: $5,000
Perfect location in Castle Rock, CO. Located next to all the amenities the town has to offer. Close to freeway access, and across the street from a beautiful park. 2 Bed/2.5 Bath upstairs, corner unit.
What made you interested in investing in this type of deal?
This was our first home to purchase. Instead of getting into a home that was tough to make the mortgage payment, we lived beneath our means and have been lucky enough to hold onto this property and turn it into a rental.
How did you finance this deal?
Traditional FHA loan