1st rental unit!..Out of State

[Ross Bennett]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $255,000
Cash invested: $80,000

This is my 1st investment property, and is also an out of state investment. I lived in Raleigh, NC for 2 years and my agent out there is also a close friend that shares similar passions around Real Estate. We toured all homes virtually and eventually found this townhome just outside of Raleigh in Cary! Cash flow is quite minimal at the moment ($100 a month) - but the property has appreciated $75k in a year. Most importantly....I learned a ton.