First investment property and sold during COVID

[Tavis Stice]

Investment Info:

Single-family residence buy & hold investment in Joliet.

Purchase price: $75,000
Cash invested: $40,000
Sale price: $175,000

Property was purchased as a short-sale and extensively rehabed prior to renting. Quite the learning experience with this one as the home was built in 1915 and this was my first investment property. Ended up selling the home to take advantage of the selling market and to hedge the grim rental market at the time