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Updated about 2 years ago, 10/06/2022

User Stats

43
Posts
11
Votes
Billy Farley
Pro Member
  • Real Estate Agent
  • Detroit, MI
11
Votes |
43
Posts

Second investment property

Billy Farley
Pro Member
  • Real Estate Agent
  • Detroit, MI
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $20,000

Second investment and full time primary residence. I airbnb this house every weekend and when I purchase my next one, it will be Airbnb'd full time and provide much more cashflow.

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

House hack

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

Zillow

How did you finance this deal?

VA loan

How did you add value to the deal?

Semi-remodel. Took out a wall as well as completely overhauled the cleanliness of the house. Paint x3. Garage reno.

What was the outcome?

Healthy cashflow from 8 days on airbnb a month. Cant wait to see what full time Airbnb brings!

  • Billy Farley