1st Rental- this was educational.

[Alex Deal]

Investment Info:

Single-family residence buy & hold investment in Remlap.

Purchase price: $118,000
Sale price: $128,000

This property started out as our primary residence. It has been a rental property for almost 8 years now. We sold this property which needed some work- this was my initial rental property by default. Sold it needing some work. Walked with @ 45,000. Did NOT 1031, did buy 2 more houses with proceeds. Don't know the tax implications of that yet. Will update.