Historic Home STR

[Jaime Blair]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $125,000

SFR Downtown

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

Retirement planning

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

I am a realtor

How did you finance this deal?

Mortgage and cash

What was the outcome?

Currently a Fully Furnished rental. Both long or short term leases available.

Lessons learned? Challenges?

Historic home, Unprepared for the amount of additional work this caused prior to renting.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, Jaime Blair with Allen Tate Mooresville Lake Norman