First Investment - Huntsville, AL

[Matt DeMastus]

Investment Info:

Single-family residence buy & hold investment in Huntsville.

Purchase price: $159,000
Cash invested: $2,000

My first investment to date. It was essentially a turnkey, with nothing more than some flooring rehab needed. Purchased at $159k and $2k invested into redoing the flooring which was materials only. Rents well above what I expected. Had over 20 inquiries in the first 4 hours of listing.

Cash Flow: $580

Honestly, I couldn't believe how well this went. Being the first time, I expected more growing pains than this. Here's to hoping that the good luck continues, and to good fortunes for the rest of you here on BP!