Kenny Schumacher
Actively seeking passivity.
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Single Family 1
Huntsville, AL
Purchased at $130,000, rents at $1,325/m
Interesting stuff
This was my first real estate investment - let alone an out-of-state investment. I purchased the property 20% down with the idea that I would wait a year, and if things went well, would purchase another. If things didn't go well, it wouldn't be the end of the world either as I should be able to recoup most of the investment by selling the property.
Fortunately for my real estate career, the investment has gone smoothly and the property has appreciated a considerable amount from a percentage basis (according to Zillow).
My experience with this property has allowed me to create a team in Huntsville and knowledge of both the area and the real estate investment process. This allows me to effectively "plug and play" future investment in Huntsville with minimal effort.