Held this one for about 2 years and then did a 1031 Exchange on it.

[Divya Sosa]

Investment Info:

Townhouse buy & hold investment in Chattanooga.

Purchase price: $110,000
Cash invested: $26,000
Sale price: $155,000

Bought a SFH back in April 2021 in a C class area. Had some expenses on the property that I could not have possibly envisioned. But overall steady rental income. Exceeded 1% rule. Just sold this property in Oct 2023 and did a 1031 exchange to purchase another in Spring Hill TN area. First time doing a 1031. :-)