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.
@Cristovian B. congrats on your investment!
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!
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