Short Term Rental

[Stephen Binns]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $850,000
Cash invested: $220,000

Short term investment property in Crystal Beach, Texas.

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

The location

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

Found on Realtor, and we had a realtor negotiate it since out of State.

How did you finance this deal?

Refinance from another property

How did you add value to the deal?

I property manage this property

What was the outcome?

Very Good ROI.

Lessons learned? Challenges?

Buying out of state is not that bad. Learn to build trust with Realtors.

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

N/A