Updated over 4 years ago on . Most recent reply
Minnesota investment property
Investment Info:
Condo other investment in Maplewood.
Purchase price: $194,000
Cash invested: $39,000
Lived in as a primary residence for 2 years then turned a rental. Started out renting to friends and family for the first 2 years (once at cost and then next for a profit). Managed myself, but am now turning it over to a proper management company. New tenant moving in August 1, 2021.
Didn't mean for it to become an investment property when we first bought, but it's turned into one and I love the process.