2nd Buy & Hold Rental Townhome

[Justin Long]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $185,000
Cash invested: $45,000

This is a townhome purchased as new construction.

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

The first buy and hold rental townhome is located in a community and the builder decided to add a phase II. I checked what the list prices were for these yet-to-be-built townhomes, and based on the numbers I ran, calculated a decent ROI based on market rents as well as comparing what my current rental was bearing at the time. I had funds available, so increased my portfolio from a property count standpoint by 100%!