flip to hold STR
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $210,000
Cash invested: $100,000
full rehab to Short term rental
What made you interested in investing in this type of deal?
location and future land play
How did you find this deal and how did you negotiate it?
MLS, made low cash offer with move out period for seller
How did you finance this deal?
partener and private lender
How did you add value to the deal?
I found the deal managed the contractors and set it up for Air BNB
What was the outcome?
initially this was going to be a flip but the interest rate environment changed mid process.
Lessons learned? Challenges?
be flexible on the exit
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
I was the Agent on this deal. I recommend Sierra from Host my Home who manages the daily Airbnb operations