Using our first home to get into investing

[Ben Rathbone]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $220,000
Cash invested: $12,000

This is our current residence, we bought new & finished the landscaping in the back yard. My tentative plan is to refinance into a conventional mortgage once we have 20% equity then do an additional FHA loan for our next place while renting this one out.

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

One of the bigger pockets podcasts where the guest made the statement "your living in your launch pad"

How did you finance this deal?

3% FHA Loan

How did you add value to the deal?

so far we have added a fence & landscaping