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Updated 3 months ago on . Most recent reply

Short-term rental (first property)
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $375,000
Cash invested: $87,000
STR
What made you interested in investing in this type of deal?
Avery Carl's Book, 'Short-term rental, long-term wealth'
How did you find this deal and how did you negotiate it?
With the help of an investor-friendly agent
How did you finance this deal?
30-year fixed DSCR
Most Popular Reply

Hey, Jaycee, I've only been running it for a couple of months now since I closed but it's been doing about $6000/month in gross rents so far, this month will very likely be closer to $4500-ish since it's by far the worst month of the year for rentals in that area. I am looking to buy more, my next one will probably be in northern Ohio within the next few months.