Buy and hold riding the appreciation train

[Jack Yen]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $139,500
Cash invested: $27,900

Buy and hold using HELOC from my old primary home. Rent at $1450 and the current market at $175K.

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

This particular area has many new developments and convenient to highway

How did you finance this deal?

conventional loan

How did you add value to the deal?

ride the appreciation. It was back then I did not know BP...

What was the outcome?

gain quite a bit of equity and very good cashflow