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Updated over 5 years ago on . Most recent reply

User Stats

4
Posts
2
Votes
Curtis Christian
  • Rental Property Investor
  • West Palm Beach, FL
2
Votes |
4
Posts

Became a landlord by chance.

Curtis Christian
  • Rental Property Investor
  • West Palm Beach, FL
Posted

Investment Info:

Single-family residence buy & hold investment in Margate.

Purchase price: $352,000
Cash invested: $80,000

Originally purchased as my families primary residence, bought near the height of the house bubble in South FL. We placed it for sale in 2006 and instantly had a family request to rent the property and they have been renting it for the past 5 years to the same family.

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