Vacation Rental Project
Investment Info:
Single-family residence buy & hold investment in Garden Grove.
Purchase price: $600,000
Cash invested: $600,000
Sale price: $710,000
3bd/2bth SFH
Design, rehab and managed as vacation rental by Lakey
What made you interested in investing in this type of deal?
Maximize the cash flow
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
30% down Stated income loan
Paid off within 1year
How did you add value to the deal?
Rehab
What was the outcome?
8% cash flow with small appreciation
Lessons learned? Challenges?
Multiple exit strategy
Be careful with city regulation
