Short Term Rental Flip
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $709,000
Cash invested: $30,000
Sale price: $805,000
Purchased and turned into a cashflowing short term rental. Sold for a profit.
What made you interested in investing in this type of deal?
The home design was great for a short term rental, distressed seller, with subject-to financing
How did you find this deal and how did you negotiate it?
Prior Client
How did you finance this deal?
Sub-to
How did you add value to the deal?
Turned into operating STR
What was the outcome?
sold as turn key STR
Lessons learned? Challenges?
Larger properties have more operating expenses.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
AirInn as STR optimizing co, Ceshkar Group for loan arrangement.
- Julie Hutchison