Summer and College Rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Narragansett.
Purchase price: $520,000
Cash invested: $212,000
Great two family home in Bonnet Shores neighborhood in Narragansett RI. Fixed it up and doing really well on airbnb for college end summer rentals.
What made you interested in investing in this type of deal?
Rental income.
How did you find this deal and how did you negotiate it?
Zillow
How did you finance this deal?
Bank
How did you add value to the deal?
Revamped the exterior for summer vacationers
What was the outcome?
Sold out for summer rentals and the college year with URI students
Lessons learned? Challenges?
Do it again