Short Term Rental Buy & Hold in Phoenix, AZ

[Maximilian Glodde]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $175,000
Cash invested: $17,500

Short term rental.
Negotiated deal and built instant equity.
Identical properties in the building selling for $200K+

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

Potential to build instant equity and good returns on short term rental. We also made sure that the long term rental rate would cash flow positive, which it does.

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

My partner works actively in the Phoenix real estate market.

How did you finance this deal?

10% down, conventional mortgage.

How did you add value to the deal?

Negotiated good price

What was the outcome?

Currently short term renting. Refinancing in 6 months to capture equity gain and reinvest.

Lessons learned? Challenges?

Do your math!!! At least a dozen times and be conservative.