Primary Residence to Rental Property

[Christopher Douglas]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $235,000
Cash invested: $20,000

With the purchase of a new primary residence, the previous home was converted to a cash-flowing rental property.

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

The desire to produce monthly income and hold on to an appreciating asset.

How did you find this deal and how did you negotiate it?

Real estate agent.

How did you finance this deal?

Conventional loan.