Arizona mountain retreat

[Kevin T White]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $365,000
Cash invested: $50,000

4 BR, 2.5 bath Mountain cabin/home

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

An escape from Phx during the winter and summer.

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

Through a relator with a reasonable offer.

How did you finance this deal?

Traditional

How did you add value to the deal?

I did a LOT of rehab internally and externally. LVP inside, new kitchen, paint inside and exterior. Bath remodel.

What was the outcome?

Very happy so far.

Lessons learned? Challenges?

Generally happy but the short term rental market has been slow.