Buy & Hold Investment
Investment Info:
Single-family residence buy & hold investment in Columbus.
Purchase price: $149,900
Cash invested: $3,000
We turned our long-time primary residence into a rental property. We bought two properties in the same year (2018), and this was the easiest way to invest less money to acquire another rental property. We refinanced the property in 2017, reduced our loan to 20 years, and got a 3.5% interest rate. It turned out to be a great decision!