Main residence turned into a rental

[Garett Younanian]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $156,100
Cash invested: $10,000

I purchased this house in 2012 as my main residence. I have since moved out and am renting it out with positive cash flow and over $70,000 in equity. This house is the start of my real estate investing journey. One down, hopefully many more to come.

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

Purchased as my main residence in 2012.

How did you find this deal and how did you negotiate it?

Real estate agent

How did you finance this deal?

Traditional loan with 10% down in 2012

How did you add value to the deal?

Built a fence, updated the HVAC, and took good care of it for 8 years.