Primary residence to rental

[Benjamin Barnard]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $119,000
Cash invested: $50,000

We bought this house as our primary residence in 2015 and lived here for almost 8 years before moving and keeping it to rent.

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

Didn’t need the equity for a down payment of new house and it’s in a great area that could produce significant cash flow.

How did you add value to the deal?

Added bathroom and redid kitchen