Buy and Hold Investment Property

[Greg Klei]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $275,000

I purchased this property as a live in house hack where I rented out the other rooms to cover my mortgage. Over the following years, I completely renovated the inside and outside of the home to convert it into a short term rental. It is now been a cash flowing STR since 2022.

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

I come from a family of real estate investors, so my parents and grandfather always pushed for buying properties.

How did you finance this deal?

Conventional loan

How did you add value to the deal?

Remodeled the entire home