My Frist Rental Property!!!
Investment Info:
Single-family residence buy & hold investment in Johnstown.
Purchase price: $362,000
Cash invested: $30,604
This was my first rental investment property. I used a house hacking technique, learned the term from Bigger Pockets, and lived in the property to satisfy the loan requirements before renting out the property. I put down 5% and with the other mortgage payments added to the total. I spent less than a 20% down payment as an investor. :-D
I purchased this house for many reasons but the biggest one...
I am getting a 52% COC return and am excited to use the proceeds to fuel my other investments!!
