My second property - Studio

[AJ Basu]

Investment Info:

Condo buy & hold investment.

Purchase price: $222,000
Cash invested: $30,000

A studio in Friendship Village, MD. Less than break-even until refinancing.

How did you finance this deal?

10% Down payment. $500 first time MD homebuyer credit. $1,500 seller concession. Paid all other closing costs.

Lessons learned? Challenges?

Should have purchased another MFH instead!