Mid-term Rental Aquisition

[Chris Henry]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $198,500
Cash invested: $52,000

2 bed / 1 bath mid-term rental.

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

Had a friend approach me with an interest in partnering months after I was telling him about my house hack. This strategy and market allows us to have a higher cash flow while investing in a desirable area of metro-detroit.

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

MLS

How did you finance this deal?

Conventional 20%. Partner brought majority of cash to close.

How did you add value to the deal?

No major value add on this deal. Utilizing the MTR approach to increase cash flow.