Investment Info:

Condo buy & hold investment in La Habra.

Purchase price: $285,000
Cash invested: $14,250

This was my primary residence but turned it to a rental property and is currently breaking even. In a few years with appreciation and a loan pay down by my tenants I will have enough equity for our next investment.

What made you interested in investing in this type of deal?

Me and my wife were getting married and needed a place to stay. Since neither of us wanted to rent we purchased a property instead.