1st rental door

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1st rental door

Lu Cynda
New to Real Estate 路 NC 路 Member since 2022 路 12 posts 路 1 vote

Investment Info:

Townhouse buy & hold investment in Albuquerque.

Purchase price: $165,000
Cash invested: $30,000

I turned my primary residence into a rental.

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  • Adrienne RammohanPro Member
    Investor 路 Washington, DC 路 Member since 2022 路 121 posts 路 143 votes
    1mo

    Awesome Lu Cynda! What's been the most surprising part so far of the journey?

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    • Lu Cynda
      OP
      New to Real Estate 路 NC 路 Member since 2022 路 12 posts 路 1 vote
      3w
      Quote from @Adrienne Rammohan:

      Awesome Lu Cynda! What's been the most surprising part so far of the journey?

      Thank you, Adrienne馃檪 The most surprising part of the journey for me is that the competition is impressive. All of a sudden, there was an abundance of renovated, beautiful properties with decent rent prices in the area. I was sure my property was well kept, but the competition made me question if it was desirable... I wondered if I needed more updates.

      Very surprising because it seems like competition tripled over night. Lol 馃ぃ 

      1Reply
  • Caleb Brown
    Real Estate Agent 路 Kansas City 路 Member since 2018 路 4k+ posts 路 3k+ votes
    1mo

    Nice! What'd it rent for?

    1Reply
    • Lu Cynda
      OP
      New to Real Estate 路 NC 路 Member since 2022 路 12 posts 路 1 vote
      3w
      Quote from @Caleb Brown:

      Nice! What'd it rent for?


      Thank you Caleb! It rents for $2175.00, per month. The property was on the market for about a month and a half before it got rented out.

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