First Time Homeowner! - Seattle, WA

[Ross Bennett]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $770,000
Cash invested: $140,000

As a first time homeowner, I wanted to buy and hold something that I would love living in. I also wanted to ensure that whatever I purchased would be in a high appreciation market, with the prospects of eventually being able to rent it out for strong cash flow to high income workers (if/when I decide to move). There are identical townhomes being leased out at strong rates that would heavily cash flow against my current mortgage....and in the meantime I get to enjoy living in new construction! This house has appreciated $50k in a year since I closed