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Updated 5 days ago, 12/16/2024

User Stats

2
Posts
1
Votes
Rodolfo Chicata
  • Property Manager
  • North Carolina
1
Votes |
2
Posts

I don't know if I should sell or keep

Rodolfo Chicata
  • Property Manager
  • North Carolina
Posted

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $142,000
Cash invested: $30,000

Airbnb long term.

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

Extra income by renting and the benefits of appreciation.

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

I found it by checking neighborhoods. I negotiate using short Term apps.

How did you finance this deal?

Regular mortgage.

How did you add value to the deal?

Furnishing it, years passing by commercial buildings built behind the townhouse.

What was the outcome?

Still renting and value keep increasing

Lessons learned? Challenges?

Did not know about tools on how screan tenants. I did my own lease agreement. Biggest challenge was deal with my 1st eviction.

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