Uptown Butte Historic Condo Short-Term Rental Investment

[Corey Meyer]

Investment Info:

Condo buy & hold investment.

Purchase price: $77,000
Cash invested: $77,000

Buy and Hold STR Property in uptown Butte, Montana in a restored 1899 building that was renovated by Fort + Hom and sold as new in 2021. I own a non-conforming 1 bedroom basement level unit. I am currently operating it as a 30 day minimum rental.

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

I liked the location, I liked that there would be very little day-to-day maintenance as I planned on managing this property remotely.

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

I found this deal on Zillow.

How did you finance this deal?

Cash via margin through leveraging Robinhood stock portfolio.

How did you add value to the deal?

I didn't. New build, nice finishes.