Updated over 1 year ago on .
Short term rental investment strategy for large property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $585,000
Cash invested: $300,000
10 bedrooms and 7 Bath, 1947 built. Purchased and fully rehab entire house under 6 months.
What made you interested in investing in this type of deal?
previous experience in STR
How did you find this deal and how did you negotiate it?
Listing price was $850K, but it was overpriced. we negociated for $585,000
How did you finance this deal?
Private money lender
How did you add value to the deal?
Via full cost effective rehab
What was the outcome?
SRT and doing great revenue and exceptional ROI
Lessons learned? Challenges?
Patience and hard work and dedication
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
na
