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Updated about 1 year ago,
New Home Build For Short-Term Rental
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.