Short Term Rental Investment

[Bonnie Drafs]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $174,000
Cash invested: $8,000
Sale price: $318,000

Short term rental property in great rental area.

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

The location is perfect for a rental and the house was turn-key.

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

I was searching the internet for my next deal.

How did you finance this deal?

Conventional loan.

What was the outcome?

Very profitable short term investment.

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

I used a real estate agent to purchase the house. When I sold the house I personally sold it since I had become an real estate agent.