Condo: Short-term Rental

[Jake Panko]

Investment Info:

Condo other investment.

Purchase price: $126,000
Cash invested: $14,410
Sale price: $185,000

Used as a short-term rental. Rental comps for long-term rents was $1,100. Short-term rental could get up to $2,500.

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

Location, view of the hill country, 15 mins from downtown, plenty of value add opportunity.

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

Referred by a friend.

How did you finance this deal?

FHA lending initially.

How did you add value to the deal?

Paint, laminate floors, painted kitchen cabinets, replaced appliances, furnished for short-term rental, renovated complete bathroom.