First Purchase and working on Second one.

[Todd Ayers]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $70,000
Cash invested: $14,459

We purchased our first rental for $70,000. We put 20% down and financed $57,000. We invested $5000.00 and it appraised for $90,000 after rehab. We are getting $800.00 rent in this one.