First Rental Property!

[Andy Comer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $154,000

This was our primary residence for 2 years in Arkansas. When we moved to TX it became our first rental!

How did you finance this deal?

Primary residence so we put 20% down...have a 30 year mortgage at 3.75%.

How did you add value to the deal?

We updated interior paint, added granite countertops, and new kitchen appliances.

What was the outcome?

Still have the same great renters in place.

Lessons learned? Challenges?

The first rental was a little scary. Looking back we should have started sooner!