Investment Info:

Townhouse buy & hold investment in Scottsdale.

Purchase price: $450,000
Cash invested: $90,000

Purchased originally as primary home with the intention to turn into a long term rental.

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

Building long term wealth in a great area.

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

Builder had purchaser fall through last minute and needed to get it closed

How did you finance this deal?

Conventional

How did you add value to the deal?

Furnished the property with high end furniture and decor to raise rents and increase income to assist with future purchase financing.

What was the outcome?

Keeping for the long haul

Lessons learned? Challenges?

Majority of renters wanted short term leases or unfurnished.