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Updated 7 months ago on .

Melvin M.'s profile image
Melvin M.'s profile image
Melvin M.
  • Investor
  • from Scranton, PA
  • Member since Mar 23, 2021

User Stats

10
Posts
2
Votes
Melvin M.'s profile image
Melvin M.'s profile image
Melvin M.
  • Investor
  • from Scranton, PA
  • Member since Mar 23, 2021
Melvin M.
  • Investor
  • Scranton, PA
2
Votes |
10
Posts
Real Estate Deal Analysis & Advice

First Home Purchase turned LTR

Melvin M.
  • Investor
  • Scranton, PA
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $121,000
Cash invested: $15,000

My first home purchase turned LTR. Purchased in 2020 with a conventional loan, 20% down to get a 3.5% interest rate for 15yrs. 1 year later I refinanced for 30 years at 2.875%, took my equity out and now it's renting for $1400/month.

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