Updated 3 months ago on . Most recent reply
Vacation Home to Rental Income
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $150,000
Cash invested: $40,000
Previous STR $3500/mo during peak
What made you interested in investing in this type of deal?
Initially purchased as an out of state vacation property. We ended up moving from the Chicago Suburbs to Southwest Michigan one year later. Then converted to STR and personally managed.
How did you find this deal and how did you negotiate it?
Zillow search
How did you finance this deal?
Loan
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I am a licensed Realtor in Michigan and with Cressy & Everett Real Estate. I personally have an investment property in Coloma Michigan that has been an STR and currently a LTR. I'm looking to be an added value to investors looking to explore or expand this beautiful area.
