Primary residence in 2012 turned to cashflow

[Michael Asuncion]

Investment Info:

Single-family residence buy & hold investment in Palm Bay.

Purchase price: $112,000

I purchased this home as my primary residence while I was stationed at Patrick AFB. After moving in 2016, I rented it out and have been renting it out since.

What made you interested in investing in this type of deal?

It turned into an investment after being my primary residence for three years.

How did you find this deal and how did you negotiate it?

Realtor. I paid the appraisal price.

How did you finance this deal?

VA Loan

How did you add value to the deal?

Maintained the newly renovated property.

What was the outcome?

Kept my first home and am able to collect monthly cashflow.

Lessons learned? Challenges?

Find a great property manager and manage them.

[Michael Asuncion]

@Sam Wilson I did not buy with the intent to rent after moving. I  just wanted to buy a house.  I was not even sure if it was going to rent after moving because everyone I knew was selling their house prior to moving so I took a risk and man it has been paying off since then.