Updated 2 months ago on . Most recent reply
First Steps in Real Estate Investing
Investment Info:
Single-family residence other investment in Bryan.
My first venture into real estate investing!
This home was a long term rental that my parents owned and leased out since they lived in it in the mid 90s.
After starting my first job out of college at Twin City Properties and having stupid luck being surrounded by the most successful and generous investors in my region - I convinced my parents to let me arbitrage this home on airbnb.
Furnishing (MTR): $6,000
Rent: $1000
Operating Expenses: $526
Revenue: $2,250
Cashflow: $724
Cash on Cash Return: 144%
The cashflow from operating this arbitrage for a year was used to purchase and renovate my first investment property!
