Converted to Mid Term Rental

[John Crutsinger]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $395,000
Cash invested: $150,000

Small multi unit, 3bd sfr in front, 2 units in back, 1 1bed, 1 studio. Currently renting as furnished mid term rental (3-6mo). 48% LTV, 17.7% annualized return.

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

Improving area great upside potential

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

MLS

How did you finance this deal?

Yes

How did you add value to the deal?

Furnished convert to Mid Term Rental

What was the outcome?

Great cashflow