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Updated about 4 years ago,
Live in townhouse in military town becomes rental property
Investment Info:
Townhouse buy & hold investment in Yuma.
Purchase price: $123,000
Brand New Construction. Lived in for 2 years. Rented 5 years. Selling in 2021.
What made you interested in investing in this type of deal?
While in the Marines, I was planning on buying houses where I was stationed and would rent them out when I moved.
How did you finance this deal?
VA Loan
How did you add value to the deal?
By buying and holding over 8 years, the property has increased in value by about 30% in addition to modest monthly cash flow while renting.