IAH Short Term Rental

[Chris Murdien]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $107,500
Cash invested: $12,000

IAH Short Term Rental

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

After getting exposed to renting beds vs renting single family homes, I set a goal to start invest in a single family home to rent out beds.

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

Real Estate agent. Nothing fancy, just a regular TREC purchase.

How did you finance this deal?

Conventional w 3.5% down

How did you add value to the deal?

Furnished the house with furniture and decor.

What was the outcome?

FREEDOM! This was the start to allowing me to get "fired" from a job in 2016 and have a cushion under me before they knocked me down.

Lessons learned? Challenges?

Its more lucrative to rent out the whole house as a short term rental.

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

I did, but I wouldn't recommend them.