Single-family residence buy & hold investment.
Purchase price: $93,000
Current estimated equity ~ $50k
Should I sell and use equity, or borrow against it for next investment?
What made you interested in investing in this type of deal?
VA House Hack
How did you find this deal and how did you negotiate it?
Realtor, sight unseen, no prior experience.
How did you finance this deal?
VA loan with house hack roommates
How did you add value to the deal?
Replacement roof and HVAC
What was the outcome?
Approx 50k in equity at present. Multiple extra principle payments.
Lessons learned? Challenges?
Still learning how much cash flow is worth your time. When to take your gains and leverage into something new.
Get a HECOC and purchase another one if you're able to be cash flow positive on the rental. The road to long term financial wealth and freedom is through hoarding properties and increasing cash flow. Keep buying!
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