Short Term Lakeshore, UT

[Cody Christopher]

Investment Info:

Townhouse buy & hold investment.

Purchase price: $531,000
Cash invested: $600,000

As of 2/27/22 this townhome is still being built, so we haven't rented it out obviously. However we close in early May, were buying it out right. Going to take the summer and vacation in the townhome while stocking it up and hopefully start to rent it in August.

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

We love vacationing in here, we also have family. It seems like a hot spot to short term, and if ST doesn't work out then we can just long term it.

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

We found a different property on Zillow and contacted the agent that was showing it. Really like him so he showed us some others including this one.

How did you finance this deal?

Cash, no mortgage.

How did you add value to the deal?

I dont understand this question but Im sure once I do it will benefit me. :)

Lessons learned? Challenges?

na