rental in muskegon. long term rental then switched to short term rental and sold

[Brenda Harris]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $71,000
Sale price: $275,000

single family home bought and used as a long term rental. switched to STR and held for a few more years before selling to another investor

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

i showed this home to another person first and thought it was a nice solid house and decided to buy this. price was good at the time

How did you finance this deal?

cash

Lessons learned? Challenges?

this was. solid house however it did need alot of updating as nothing was done on the home since the 1990's.