Updated over 3 years ago on . Most recent reply
First short term rental for year one !
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $59,000
Cash invested: $40,000
Under construction
What made you interested in investing in this type of deal?
Found it off market at a really good price
How did you find this deal and how did you negotiate it?
Our accountant knew the owner was wanting to sell his rental properties we bought 2 in one deal
How did you finance this deal?
Cash
How did you add value to the deal?
Currently doing a full remodel on one the other was just paint and cosmetic
Lessons learned? Challenges?
Dealing with contractors getting them done in a timely fashion is a challenge!
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
My wife did most of the deal no agent involved