Desert Rental in California
Investment Info:
Single-family residence buy & hold investment in Desert Hot Springs.
Purchase price: $310,000
Cash invested: $80,000
Purchased during Covid. Found Deal on Zillow. My Wife represented us as our RE Agent. Used non-qm loan due to a recent change in compensation structure for me. Higher rate but we got the deal closed
What made you interested in investing in this type of deal?
Cash-flow and prices
How did you find this deal and how did you negotiate it?
On Zillow while driving the neighborhood. My wife represented us
How did you finance this deal?
Non-qm DCR loan
How did you add value to the deal?
Cosmetics
What was the outcome?
Rents higher than we expected