First primary rental

[John Marlin]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $132,000
Cash invested: $13,000

I bought this single family home in 2019 in Waxahachie, TX as a primary residence. Deal was on MLS. Purchased for $102k, on a construction loan with a 30k budget to remodel, for a total of $132k. Put 10% down. Finished the remodel, and it appraised for $170k. I refinanced with the same bank, and was able to pull back out my full down payment. Lived there for 3 years, and moved on to another live-in BRRRR type deal I'm in. This house rents now for $2,000/month, and is valued above $250k.

[John Marlin]

Hey KC! Thank you for the kind words. I'm looking to take on more projects down the road, would love to talk lending sometime!