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Updated about 2 months ago on . Most recent reply

Wendell Godard's profile image
Wendell Godard's profile image
Wendell Godard
  • Contractor
  • from Bellingham, WA
  • Member since May 19, 2014
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Wendell Godard's profile image
Wendell Godard's profile image
Wendell Godard
  • Contractor
  • from Bellingham, WA
  • Member since May 19, 2014
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Wendell Godard
  • Contractor
  • Bellingham, WA
8
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9
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Real Estate Deal Analysis & Advice

My First Rental

Wendell Godard
  • Contractor
  • Bellingham, WA
Posted

Investment Info:

Townhouse buy & hold investment.

Purchase price: $285,000
Cash invested: $285,000

3 bed, 2.5 bath, 1600 square foot new townhouse. Same renter has occupied since September, 2022.

What made you interested in investing in this type of deal?

Purchased as a rental.

How did you finance this deal?

Originally put 20% down but paid it off after 2 years.

  • Wendell Godard
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    Jaron Walling's profile image
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    Jaron Walling
    • Rental Property Investor
    • from Indianapolis, IN
    • Member since Jun 20, 2018
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    Jaron Walling's profile image
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    Jaron Walling
    • Rental Property Investor
    • from Indianapolis, IN
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    Jaron Walling
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    Jaron Walling
    • Rental Property Investor
    • Indianapolis, IN
    Replied

    @Wendell Godard From an investment prospective did you view this townhome as a storage of cash (glorified savings), cash-flow to supplement income, or a combination? 

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