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Updated over 2 years ago,

Christian Ricci's profile image
Christian Ricci's profile image
Christian Ricci
  • Rental Property Investor
  • from Allentown, PA
  • Member since Jul 18, 2022
  • Posts 1
  • Votes 1
  • Experience 3 Yrs
  • Investments 1
Connect

User Stats

1
Posts
1
Votes
Christian Ricci's profile image
Christian Ricci's profile image
Christian Ricci
  • Rental Property Investor
  • from Allentown, PA
  • Member since Jul 18, 2022
  • Posts 1
  • Votes 1
  • Experience 3 Yrs
  • Investments 1
Connect
Christian Ricci
  • Rental Property Investor
  • Allentown, PA
1
Votes |
1
Posts
Real Estate Deal Analysis & Advice

First Rental Property

Christian Ricci
  • Rental Property Investor
  • Allentown, PA
Posted

Investment Info:

Townhouse buy & hold investment in Allentown.

Purchase price: $66,000
Cash invested: $15,000

Bought for $66,000 and got $7,500 back at closing for renovations. Refinanced after 6 months for 75% LTV, appraisal came in at $116,000. Cash out refinance almost doubled the initial cash investment!

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