Residence turned investment

[Todd Pickett]

Investment Info:

Single-family residence buy & hold investment in Fort Worth.

Purchase price: $195,000
Cash invested: $10,000
Sale price: $370,000

It was our residence for 5 years. Held as investment property since we moved. On the market Weds 8/11/21, multiple offers in hand by 8/15/21, and expect to be under contract to sell on 8/17. This property has been slightly better than break-even in terms of cash flow, but the equity growth paid for a large metal shop at our new residence via a cash-out refi, and we'll turn the proceeds of the sale into 4 or so new properties with plans to grow our portfolio from there.