Poconos Buy and Hold (first experiment)

[Ernesto Gencarelli Jr.]

Investment Info:

Single-family residence buy & hold investment in Lake Ariel.

Purchase price: $89,000
Cash invested: $24,000

This is the first official home that I have closed on as of 3/13/18. It is part of an HOA.

The mindset was find something in my price range to buy and hold, and eventually would like to use equity to grab something else.

It is technically a 2 bed 2 bath, part of a gated community. Home style is a Chalet most likely a prefab.

Redid the basement, floors, and kitchen