Orlando Home Number One

2 Replies

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $170,500
Cash invested: $20,000

This is a primary residence turned rental after moving out of the area; a strategy that I hope to continue over and over again with long term buy and hold. The cash flow on this property is low but was expected when I refinanced a few years ago in order to pay down the loan much quicker. This fits with my personal goals to have at least one property fully paid off in time for retirement as well as equity for short term financing of my future real estate deals.

Congratulations @Cristovian B. , not sure when you bought that, but at $170, I'd bet you have quite a bit of equity now with the way things are appreciating here in Olrando. If the lease is up soon, I would look into making sure you are at least at market rates. Good luck!

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • 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.

We hate spam just as much as you