Profitable Buy and Hold

[Ian Stewart]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $175,000
Cash invested: $22,000

Purchased this at fair market value as a primary residence with plan to eventually rent. Total mortgage payment was below market rent and neighborhood appreciates steadily along with rents over time.

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

Current rents were below market. Additionally, purchasing this as a primary residence to eventually rent out made the deal possible because rents appreciated from time I purchased until time I rented increasing NOI.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Fixed 30 Yr Mortgage

How did you add value to the deal?

Minor cosmetic updates.

What was the outcome?

Profitable buy and hold.