4553 Don Ricardo: Primary residence turned rental

[Andrew Cruz]

Investment Info:

Other buy & hold investment.

Purchase price: $415,000
Cash invested: $8,000

2B2B in an up and coming neighborhood. 180 panoramic views of Los Angeles

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

I am active duty military and bought the condo as primary residence but searching with the intent of renting out when I PCS'd. Made the mistake by not refinancing my VA loan to a conventional loan while it was still my primary residence. I have refi'd this property under an investment mortgage and eating up much of my cash flow.

How did you finance this deal?

VA Loan initially then refi'd to an investment mortgage