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Updated 6 days ago on .
Christopher Ramirez BabinskiPoster
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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Original Primary Home!
Christopher Ramirez BabinskiPoster
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
Pro Member
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Investor
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $290,000
Cash invested: $17,000
We originally bought this as a house to live in. Then, we got a major upgrade in our salaries and decided to upgrade. We retained the house for some cash flow. Then we started learning about real estate and investing opportunities and decided to ultimately retain the property and continue to pay the FHA loan on it because the loan is sitting at 2.8% which is unheard of in our current market. Eventually, we will work to pay this property off and use a HELOC on it to purchase more properties!