Our First Rental Property

[Brian Bault]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $105,000
Cash invested: $25,000

Single family home. Have had some ups and downs. When my wife and I began looking to buy a house, this was the very first house we looked at. It needed quite a bit of work. Several years later someone else had done the work and we bought it as a rental. As a first deal, I knew nothing. CoC looking back was 8%. Not great, but better than it could have been!

[Lara White]

@Brian Bault 8% CoC is nothing to sneeze at! Where is your investment located - do you like the area? Do you have enough equity in it now to refi, cash out, and buy the next one?