Airbnb: Chandler Arizona Single Family Home

[Scott Crawford]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $475,000
Cash invested: $100,000

https://airbnb.com/h/deserthideawayaz

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

We want to buy and hold as much as we can and we enjoy hosting guests at Airbnb's!

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

We found it via our realtor.

How did you finance this deal?

Secondary home loan 10% down

What was the outcome?

We got about $12k in credits/buying down the rate by the seller

Lessons learned? Challenges?

Great all around!

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I recommend OwnUp for finding lenders. They saved us about $10k in fees at closing and a great rate!

[Grant Schroeder]

@Michael Warthen & @Scott Crawford are you planning to use a 20% down Conv loan for your second STR purchase? You could use a 10% down and No MI Investor loan for 1-4 investment properties through Academy Mortgage if you wanted to put less down on your second AZ STR investment.