One of my first investments and learned a valuable lesson

[Douglas Gratz]

Investment Info:

Single-family residence buy & hold investment in Pottstown.

Purchase price: $40
Cash invested: $45

This SFH i bought at auction on a whim. It was my first investment and it was time to get my feet wet and it helped me learn a valuable lesson early on!

Lessons learned? Challenges?

TAXES. Taxes are so high in my market that a SFH only cashflowed under $300 per month. So the next house Ibought was a duplex and it cash flows $1200 per month. What a quick awesome lesson!