Updated over 2 years ago on .
Yes! STR in City Terrace
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $325,000
Cash invested: $17,000
Primary residence came in with 5%. Small bungalow with huge basement turned into ADU. First House hack and Airbnb!
What made you interested in investing in this type of deal?
Needed a home next to work
How did you find this deal and how did you negotiate it?
MLS
How did you finance this deal?
Tapping into savings account.
How did you add value to the deal?
Total Rehab and gut job.
What was the outcome?
First House Hack. Lived in one Airbnb the other. Eventually turned it into a STR. Currently STR and renting to college students from Cal State LA and USC students.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Camacho group