STR Cash Flow / Appreciation Play

[Tyler Winget]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $323,000
Cash invested: $17,000

3bd/2ba operating as an STR in a hip neighborhood just a few blocks South of Center City Philadelphia

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

* Accelerated appreciation potential within 2-3 years in a booming neighborhood
* 10-year Tax Abatement

How did you add value to the deal?

* Higher-end designer furnishings
* Unique wall murals
* Professional management hosting w/ concierge services.

What was the outcome?

Steady cash flow from renting short term

Lessons learned? Challenges?

* Don't underestimate the cost of furniture & install

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

Jonathan Dempsey