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Updated over 2 years ago,

User Stats

10
Posts
5
Votes
William Cook
  • Investor
  • Salt Lake City, UT
5
Votes |
10
Posts

Taylorsville first primary home

William Cook
  • Investor
  • Salt Lake City, UT
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $430,000
Cash invested: $43,000

Bought this as our first ever house. Used as a primary residence. During the time spent in this house so far I was putting everything I earned into retirement accounts in index funds (S&P and total market). Then I started learning more about the power of real estate and recently (august 2022) started saving to invest in real estate instead. Luckily during that time the market grew and I am hoping to pull out $30,000 from a HELOC to use as down payment on another property. Looking for something to move into, fix up, and rent out separate space within (mother in law or small multi family)