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Updated 12 months ago on . Most recent reply
First real estate purchase for end user turned into rental and sold
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $440,000
Cash invested: $300,000
Sale price: $1,100,000
I bought this home with my brother in 2009, I bought him out a few years later I began renting it out in 2017 and just recently sold it.
What made you interested in investing in this type of deal?
It was an amazing deal, I never planned on renting it out but it netted me between $4,000 a month and up to $5200 a month the lat year and a half.
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#5 All Forums Contributor
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#5 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Quote from @Kevin Goldman:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $440,000
Cash invested: $300,000
Sale price: $1,100,000
I bought this home with my brother in 2009, I bought him out a few years later I began renting it out in 2017 and just recently sold it.
What made you interested in investing in this type of deal?
It was an amazing deal, I never planned on renting it out but it netted me between $4,000 a month and up to $5200 a month the lat year and a half.
