First primary residence

[Patterson Hill]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $405,000
Cash invested: $10,000
Sale price: $495,000

My wife and I joined the Air Force lifestyle in 2009, and rented for five years before we worked up the courage (and savings) to buy our first home (VA benefits helped!). At the time, we looked at it as a smart asset...without realizing its potential as an income stream when we sold it! While we were very blessed to come out way ahead on the sale, our first experience owning a home convinced me of the potential of real estate investing.