Single-family residence buy & hold investment.
Purchase price: $17,000
Cash invested: $24,000
3 bed 1 1/2 bath currently rehabed and being air bnb
What made you interested in investing in this type of deal?
Because I thought it was the right price in the right neighborhood and I was focused on cash flow
How did you find this deal and how did you negotiate it?
I found it on the MLS bought it from the listing agent
How did you finance this deal?
How did you add value to the deal?
Rehab fix it up forced equity
What was the outcome?
How come was I had a property manager and I was getting about a 23% return but now I Airbnb and I get a much higher return
Lessons learned? Challenges?
I wish I would have rehabbed it refinanced it rented it and repeat it
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