First Purchase - Beaver Lake STR w/ FHA

[Account Closed]

Investment Info:

Single-family residence other investment.

Purchase price: $142,000
Cash invested: $5,000

STR Cabin - The Lost Haus

How did you finance this deal?

FHA - 3.5% down payment (30 yrs) @ 3.75%

How did you add value to the deal?

Renovation of entire home

What was the outcome?

20% Cap Rate

Lessons learned? Challenges?

Just get started.