Primary residence in 2012 turned to cashflow
Investment Info:
Single-family residence buy & hold investment in Palm Bay.
Purchase price: $112,000
I purchased this home as my primary residence while I was stationed at Patrick AFB. After moving in 2016, I rented it out and have been renting it out since.
What made you interested in investing in this type of deal?
It turned into an investment after being my primary residence for three years.
How did you find this deal and how did you negotiate it?
Realtor. I paid the appraisal price.
How did you finance this deal?
VA Loan
How did you add value to the deal?
Maintained the newly renovated property.
What was the outcome?
Kept my first home and am able to collect monthly cashflow.
Lessons learned? Challenges?
Find a great property manager and manage them.