First Home Purchase that turned into my first rental property.

[Michael Fisher]

Investment Info:

Single-family residence buy & hold investment in Puyallup.

Purchase price: $195,000
Cash invested: $20,000

1,650 sq foot, 3 bedroom, 2.5 bath single family home. This was my first home purchase in 2004 and it has been rented since approximately 2010.

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

This was my first home I purchased and was not originally intended to be a rental property.

How did you finance this deal?

Traditional financing through a bank.

Lessons learned? Challenges?

Don't purchase rental property like you are purchasing a home for yourself.