RE Market Crash 2008-2012 : Retirement Home Buy and Hold

[Jenn Richardson]

Investment Info:

Single-family residence buy & hold investment in San Tan Valley.

Purchase price: $90,000
Cash invested: $45,000

RE market crash enabled purchase of vacation rental property.

What made you interested in investing in this type of deal?

Vacation rental cashflows, property appreciation, being able to use this property as our own place to stay while on vacation.

How did you find this deal and how did you negotiate it?

We supplied local RE agent with our price criteria and she recommended a number of properties.

How did you finance this deal?

Savings

How did you add value to the deal?

Fully furnished, new paint, fixtures, blinds, flooring, doors, ceiling fans, new AC unit and Furnace, irrigation, landscaping, garage door, water heater, toilets, updated cabinets, built in pantry.

What was the outcome?

Available via direct booking for 3K/month to Canadian snowbirds, Nov-April, Airbnb and direct booking occupied other times of the year.