Updated almost 3 years ago on . Most recent reply
First Investment Property at 21 Years Old
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $540,000
Cash invested: $111,000
Short Term Rental in the Smoky Mountains of Tennessee.
What made you interested in investing in this type of deal?
Cashflow and vacation opportunities.
How did you find this deal and how did you negotiate it?
MLS, with a market pro realtor.
How did you finance this deal?
Conventional Investor Loan
How did you add value to the deal?
Improved management, added hot tub.
What was the outcome?
Holding as a cashflowing investment.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Levi Trentham with the Short Term Shop in the Smoky Mountains.