My First Short Term Rental

[Mary Frazier]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $350,000
Cash invested: $50,000

Short Term Rental

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

I wanted to invest in real estate and wanted cash flow to be able to help support my desire to help others and be in real estate full time. I made it happen!!!

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

I found this deal on Zillow before I was an real estate agent

How did you finance this deal?

I used a 10% down second home loan

How did you add value to the deal?

I added fresh new touches to the home to make it feel warm and inviting

What was the outcome?

I have been grateful to have had a successful short term rental. Lots of time and having learned and still continuing to learn so much along the way

Lessons learned? Challenges?

STR's are not passive... sometimes people get upset about the craziest things....sometimes S*%# hit the fan..... but I still love it.
I have grown so much because of it, plus The higher returns are worth it along with the incredible people you get to connect with along the way.