First home turned rental property

[Adam Sieg]

Investment Info:

Single-family residence commercial investment investment.

Purchase price: $210,000
Cash invested: $15,000

Originally this was my wifes first house, which we kept after getting married and moving to a new state. We've held out hoping for long term appreciation but are looking to be more aggressive with improving cash flow.

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

As previously mentioned, originally a starter home which we kept and rented to friends - solely to keep in an effort to appreciate over time. Great location near a major medical center which is why we have kept the house.

How did you finance this deal?

Conventional FHA loan

What was the outcome?

Going to transition into a rental investment once current tenants move out.