Buy & Hold STR in Reno,NV

[Alex Strathearn]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $402,000
Cash invested: $61,000

Short term Townhome in Reno, NV

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

I bought as a primary residence and converted to an STR

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

I used an Agent.

How did you finance this deal?

Traditional financing

How did you add value to the deal?

Used a non-permitted extra room as a storage/workout room.

What was the outcome?

Still holding on to it.

Lessons learned? Challenges?

Bought too high. I should have also looked harder into the financials of the HOA prior to buying.