Short Term Rental - Managed from a different state
Investment Info:
Single-family residence buy & hold investment in Two Harbors.
Purchase price: $180,000
STR in northern Minnesota. near Lake superior.
4 Bed / 2 Bath
Self managed from across the country.
How did you finance this deal?
Financed it 50/50 with a partner.
How did you add value to the deal?
Working with contractors and business partners to add fresh paint throughout the home & fixed things up in every room including trim, bathroom vanities, appliances, etc. Furnished entire home all while living in another state.
What was the outcome?
Currently a STR. In the first 7 months it grossed $70,000.
