Single family short term hold

[Corey Stibbe]

Investment Info:

Single-family residence buy & hold investment in Feather Falls.

Purchase price: $132,000
Cash invested: $27,000
Sale price: $160,000

Short term hold, month to month rent, 8 month organic appreciation and then sold

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

First real estate deal, found a good price in a sought after area

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

On the MLS, deal went for over list price

How did you finance this deal?

Commercial real estate loan

How did you add value to the deal?

I didn’t

What was the outcome?

Made good cash flow on 8 months of rent and then sold for a profit

Lessons learned? Challenges?

Should’ve went mutifamily

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

Myself