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Updated over 1 year ago on .

Michael Keith's profile image
Michael Keith's profile image
Michael Keith
  • from Knoxville TN
  • Member since May 16, 2023
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3
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5
Votes
Michael Keith's profile image
Michael Keith's profile image
Michael Keith
  • from Knoxville TN
  • Member since May 16, 2023
Connect
Michael Keith
  • Knoxville TN
5
Votes |
3
Posts
Real Estate Deal Analysis & Advice

New Home Build For Short-Term Rental

Michael Keith
  • Knoxville TN
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000
Cash invested: $150,000

New home build in Powell TN for a short-term rental. I partnered with a contractor on this deal.

Lessons learned? Challenges?

Try to find a lot that is better developed. You will be surprised to find out how much it can cost to develop a raw lot.

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