Investment Info:

Single-family residence buy & hold investment in Mesa, AZ: 

Mesa Airbnb - Book Now!

Purchase price: $605,000
Cash invested: $122,000

Short Term Rental in Mesa, AZ! 6 Bedrooms, 3 Bathrooms, Gross Revenue Projected at $94k over 12 months. Upside of $106k - $115k in future years as it builds on itself.

Link to Book: Mesa Airbnb - Book Now!

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

6 bedroom home, 3 bathroom home, large lot & a pool on a quiet cul-de-sac. Opportunity to own a Short Term Rental near Mesa & Scottsdale, AZ, that we can also use for family and personal use on vacation! 

Mesa Airbnb - Book Now!

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

Found it on market, offered $605k with $18k in seller credit to cover all closing costs.

How did you finance this deal?

Put 15% Down with no PMI on a Second Home/Vacation Rental Loan.

How did you add value to the deal?

We furnished the entire property after closing, and property appraised for $685k.

What was the outcome?

Currently generating Airbnb revenue and on pace for $94k annually for first 12 months of operation.

Link to Book:

Mesa Airbnb - Book Now!

Lessons learned? Challenges?

Choose your real estate agent and property managers wisely! Some people are wolves hiding in sheep's clothing. Do not ever use Jeremy Holden as a realtor or property manager. He will lie through his teeth, cheat you out of money, and steal from you. Incredibly shady, petty, and deceiptful individual.

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

I would recommend our Lender - Movement Mortgage. I would not recommend the realtor or property manager, EVER.