Buy and Hold for Short Term Rental

[Cory Miller]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $156,500
Cash invested: $210,000

Purchased for short term Rental, Focus on traveling nurses, with airbnb as a back up plan. Close proximity to 5 major medical institutions. Used a combination of savings and HELOC from primary property for acquisition and rehab. Cash flows from $2 to 2500 after expenses when its occupied by nurses on 13+ weeks contract and has a more involved income of about $4000 a month if fully occupied via airbnb after expense. Will refi soon to pull out liquid cash to purchase more Real Estate.

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

To own High income producing property with short term tenants with an option function like a long term for a period. Can also transition into long term permanently.

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

Found through MLS and negotiated with Cash to purchase, quick close and experience in industry.

How did you add value to the deal?

Knowing the numbers