One of our short term rental properties

[Kelli Brewer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $670,000
Cash invested: $70,000

This was an off market deal that I found by asking an agent if she had any other listings coming up. It was completely original. We ran the numbers, saw the potential and scooped it up asap.

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

We already had one STR in the neighborhood and new it would perform well.

How did you finance this deal?

Conventional

How did you add value to the deal?

We redid everything to make it marketable to guests

What was the outcome?

It is the best performing property in our portfolio

Lessons learned? Challenges?

It took longer than expected. We were renovating from far away and we chose the wrong contractor. We had to hire extra people to help him and stay in the location to make sure it got done. It was all worth the struggle and we made some great vendor contacts.