Long Term Rental in West Sedona

[William Hamburg]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $465,000
Cash invested: $35,000

Buy and hold single family home in West Sedona.

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

Off market

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

Talking to neighbors

How did you finance this deal?

Conventional loan

How did you add value to the deal?

New floors, enclosed garage, new roof, solar, pavers in back yard, new lights, fans, outlets, light switches. New paint inside and out. By enclosing the garage we added another 500 sq.ft. of livable space.

What was the outcome?

Long term furnished rental

Lessons learned? Challenges?

Don't over improve unless you know it's worth it. In this case it was worth it

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

No, represented ourselves.