Live in townhouse in military town becomes rental property

[Ben Spaeth]

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.