Condo - DuPont, WA (First Deal)

[Shelby (Osborne) Johnson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $158,000
Cash invested: $2,000

Condo purchased with my VA loan as a primary residence before I knew real estate investing was a thing, now it cash flows moderately and has increased in value by $70k over the past 5 years.

How did you finance this deal?

VA loan, 0% down!

Lessons learned? Challenges?

HOAs are a cash flow killer. Be careful.