Short Term Primary -> Long Term Hold

[John Steffen]

Investment Info:

Single-family residence buy & hold investment in Weatherford.

Purchase price: $317,000
Cash invested: $30,000

Short term primary -> long term hold with a 3.25% interest rate. New construction SFH in a B+ grade community across the street from the high school and middle school. We lived here for 18 months then placed a tenant. We are cash flow break-even, but we love the steady equity growth that requires nearly zero bandwidth to self-manage.