Buy and hold primary residence in ATL
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $600,000
Cash invested: $150,000
My first real estate purchase :)
What made you interested in investing in this type of deal?
Large house in a good location close to Emory/other universities, decent airbnb spot
How did you find this deal and how did you negotiate it?
Honestly I just found the home on zillow and low-balled, it wasn't staged well and was on the market for a while
How did you finance this deal?
30 year fixed
How did you add value to the deal?
Airbnb the extra guest rooms
What was the outcome?
$15k netted in first year
Lessons learned? Challenges?
Don't accept local airbnb guests LOL.
Always negotiate credits on old AC units
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Atlanta Fine Homes Sothebys