My First Investment Property
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $90,000
Cash invested: $20,000
In 2015 I purchased two single family homes in Vermont for 90k both on the same plot of land. I invested $6k into the first home and rented it out in a month for $850 and the second home. I put $14 k into it over the course of a year then moved out of the property and rented it for $1200 a month. Since month one of owning this property I had tenants paying my mortgage. The bank required 25% down because I was 19 which I had from flipping cars. I still own these houses and have the same tenants.