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Updated about 6 years ago on .

Mike Jacobson's profile image
Mike Jacobson's profile image
Mike Jacobson
  • Rental Property Investor
  • from Rochester MN
  • Member since Feb 10, 2018
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User Stats

64
Posts
101
Votes
Mike Jacobson's profile image
Mike Jacobson's profile image
Mike Jacobson
  • Rental Property Investor
  • from Rochester MN
  • Member since Feb 10, 2018
Connect
Mike Jacobson
  • Rental Property Investor
  • Rochester MN
101
Votes |
64
Posts
Real Estate Deal Analysis & Advice

2003 Family Cabin Purchase

Mike Jacobson
  • Rental Property Investor
  • Rochester MN
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $125,000
Cash invested: $125,000

Family Cabin on a Lake in Northern Minnesota. Rented it out for the first 4 years to help afford the remodel.
Value tripled by 2005. 2007 to 2017 did not rent out. Began to VRBO this property in the summer of 2017.
Pulled $257,000 out to purchase a hotel in October 2005.

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