Positive Income Property

[Kevin Burke]

Investment Info:

Single-family residence other investment in Ingersoll.

Purchase price: $150,000
Cash invested: $75,000

I have one positive cash flow rental property. Looking at another, sooner rather than later. I'd like to get into the multi family homes side of things next.
I'm just new here to Bigger Pockets, so I'm hoping to network, and meet like minded people with the same goals at the end of the day.

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

After acquiring this property a number of years ago, I crunched the numbers, knew the local rental market, and rented it out for a positive cash flow investment.

How did you finance this deal?

Through a top 5 bank. Put down the required money *minimum 5% for a first time home buyer*

How did you add value to the deal?

Maintained the property. In a highly desired/ central area where the population continues to grow every year, the house itself was bound to appreciate in value.

What was the outcome?

Outcome has been good. We have had a good investment, with virtually no problems in 6 years.