House Hack Turned Rental

[Ethan Hamilton]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $122,000
Cash invested: $4,270

Received the $8,000 first time home buyer credit when I purchased this as an owner occupant during the downturn. I moved to Omaha years later and turned it into a rental that I still hold today. I refi'd a year later to 15 year note at 3.875% (8 years paid as of June 2018). 3/2/2 in South Lincoln. Rents are $1525/month.

[Owen Dashner]

@Ethan Hamilton, normally I try to use the snowball method and just pound away at my lowest balance note until it's gone, then go to the next highest one, and so on. Feels good when you pay them off (until I find something else I want to buy and then refinance it).