Annual Rental - To be converted to STR

[Marlin Yoder]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $380,000
Cash invested: $135,000

Annual rental to be turned into STR when tenant vacates

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

Adjacent to rental we already own

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

Reached out to owner of neighboring property

How did you finance this deal?

Conventional loan

What was the outcome?

Great tenant that always pays on time - been there for 5 years

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

I am an agent