Updated over 4 years ago on . Most recent reply
Buy & Hold: Long Island SFR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $170,000
Cash invested: $40,000
This SFR was my first real estate investment, and I purchased it in 2014 when I was still in college. I have since refinanced and pulled out roughly 5.0x my equity, and the property still cash flows nicely. The property is valued in excess of $340k in early 2021. If I had only done this a dozen times!!