Long Term Rental

[Barbara Wise]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $211,000
Cash invested: $50,000

Purchased this house for $211k eight years ago. It was my primary home and is now going to be my LTR. I am presently looking for a rehab to fix and hold for 2 years.

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

I have recently gotten into REI and my eyes have been opened to the possibilities around me.

How did you finance this deal?

Conventional

How did you add value to the deal?

Appreciation

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Coldwell Banker Mayfield Realty in Redmond, Oregon.

[Barbara Wise]

Hello Jaycee, 

There was no rehab when I purchased it and it is only maintenance at this point. Once I get a renter in I am planning on a HELOC on this property to position myself to do PML for more passive income.