Buy & Hold: Long Island SFR

[Raymond Cazis]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $170,000
Cash invested: $40,000

This SFR was my first real estate investment, and I purchased it in 2014 when I was still in college. I have since refinanced and pulled out roughly 5.0x my equity, and the property still cash flows nicely. The property is valued in excess of $340k in early 2021. If I had only done this a dozen times!!