Short-Term Rental in Downtown San Antonio
Investment Info:
Single-family residence buy & hold investment in San Antonio.
Purchase price: $150,000
Cash invested: $30,000
Beautifully renovated 2/2 short-term vacation rental in historical Dignowity Hill, the oldest neighborhood in San Antonio. Located less than a mile from major downtown attractions including the River Walk, the Alamo, the San Antonio Museum of Art, the Pearl Brewery, the Alamodome & the Tower of Americas. Features a covered outdoor area which includes a hot-tub and fire-pit.
How did you finance this deal?
Hard Money to purchase, Cash-Out Refinance after 4 months into a 30-year mortgage.
How did you add value to the deal?
Invested in the guest's experience - added a covered backyard area with a slab, seating, and a hot-tub along with lawn games.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Yes I worked with contractors, lenders, and wholesalers that I would recommend.