Primary residence turned LTR

[Riley Louder]

Investment Info:

Single-family residence buy & hold investment in St. George.

Purchase price: $340,000
Cash invested: $34,000

Utilized our income from selling our previous townhome to purchase this single family home in the new development Desert Color in St. George Utah. Looking back, I wish we would have leveraged our townhome, rented it out and purchased this property with the equity in our first townhome. However, we currently have approximately 250k in equity in this property and are currently cash-flowing $600 a month.

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

When we purchased this home we had no intention of renting it, or really looking at it as an investment property. Then I found bigger pockets podcast in 2022. We had significant equity in the home and cash flow $600-$800 a month. So we found a new primary residence and rented it out.

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

New construction and real estate agent.

How did you finance this deal?

With the fund from selling our previous townhome.