Primary home turned first rental

[Eva Hambrick]

Investment Info:

Single-family residence buy & hold investment in Eau Claire.

Our first rental was our primary residence before we moved to our new house

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

It was easier and less work to find a renter then to sell

How did you finance this deal?

Primary mortgage

What was the outcome?

Cash flow of $100+ per month. Could be closer to $180+ a month next year when it goes back on the market to rent-won't be offering to pay for water and garbage

Lessons learned? Challenges?

Don't be afraid to charge more then you think a property is worth