Primary turned to 1st Rental

[Justin Panariello]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $60,000

Primary Residence turned 1st rental property!

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

Seems like a no brainer... had a primary, bought a new primary and kept the old one as a rental.

How did you find this deal and how did you negotiate it?

MLS. Did negotiate based on condition of house, work needed.

How did you finance this deal?

Conventional

How did you add value to the deal?

New roof, exterior doors, flooring, paint...

What was the outcome?

$400 cashflow per month