Lake front property perfect for short term rental.

[Mamun Mirza]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $500,000
Cash invested: $150,000

Single family being used as short-term rental.

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

Location

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

MLS Listing agent

How did you finance this deal?

No income verification loan
Down payment from my line of credit of primary residence

How did you add value to the deal?

Renovation

What was the outcome?

House looks great but my numbers don't

Lessons learned? Challenges?

Won't overspend for renovations

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

yes