Reluctant Landlord - 1st home

[Wendell Clark]

Investment Info:

Single-family residence buy & hold investment in Frankfort.

Purchase price: $127,000
Cash invested: $30,000

1st home I purchased before the real estate crash. Two years later, I moved for my job and have been renting ever since. I currently owe less than sixty and will have it paid off by end of summer.

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

This home isn't a deal, but I have learned a lot being a landlord for the past eight years.

How did you finance this deal?

30-year traditional fixed rate home

Lessons learned? Challenges?

Should have refinanced it sooner to have more cash flow.