Long time listener first time poster

[Freddy Morales]

Investment Info:

Single-family residence buy & hold investment in Tampa.

Purchase price: $325,000
Cash invested: $30,000

This is the first home I ever purchased and eventually stumbled into being a landlord. I moved to Tampa for work and bought this new construction in a highly sought-after gated community. I moved again for work and have been renting the house for two years. I refinanced for a rate in the 2’s and now looking to cash flow the heck out of it for the next several years.

How did you finance this deal?

Conventional loan from big bank. Refi through broker

Lessons learned? Challenges?

Stay away from astronomical HOA fees. Do preventative maintenance on appliances and air conditioners. By paying a little more down pymt, I got rid of PMI without refinancing in 2 yrs.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Kerven and Marilyn Dennis with Motto Mortgage (mortgage brokers) in Tampa, Andrea Webb realtor