First Rental still going Strong!

[Brandon Elliott-Pandey]

Investment Info:

Single-family residence buy & hold investment in Johnstown.

Purchase price: $362,000
Cash invested: $30,604

This was my first rental investment property! Put down 5% as a primary and house hacked. Moved out and now I get a 47% COC return just 4ish years later!

Long term tenets currently.

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

Get my foot in the door!

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

Found on the MLS and used a Realtor for the negotiations.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Over the years I have done light updates in between tenants

Lessons learned? Challenges?

Don't be an absentee landlord... it costs a lot of money...