First accidental investment

[EJ K.]

Investment Info:

Single-family residence buy & hold investment in Oak Lawn.

Purchase price: $57,000
Cash invested: $10,000

770 expenses including mortgage, taxes, insurance, HOA, and property manager fees

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

Wife pushed us to buy as a primary residence during residency. Had means to keep it and math worked great

How did you finance this deal?

Physician mortgage

How did you add value to the deal?

Renovations

What was the outcome?

Cheap, highly cash flowing property