My first rental property

[Shamim Toufighian]

I bought a condo in 2004, lived in it for about one year, and then rented it out. Few years later was the economic crash and the condo's value dropped in half. I stuck with it, was fortunate enough to have a long term tenant, and now the value has gone back up all while the mortgage being paid down.

It was a rocky first investment with lots and ups and downs, but I'm glad I stuck with it and learned a lot of valuable lessons.