Annual Rental - To be converted to STR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $380,000
Cash invested: $135,000
Annual rental to be turned into STR when tenant vacates
What made you interested in investing in this type of deal?
Adjacent to rental we already own
How did you find this deal and how did you negotiate it?
Reached out to owner of neighboring property
How did you finance this deal?
Conventional loan
What was the outcome?
Great tenant that always pays on time - been there for 5 years
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am an agent