1817 Maplewood ave. In Lansing MI Currenntly being Air BNB

[Zackary Schumacher]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $17,000
Cash invested: $24,000

3 bed 1 1/2 bath currently rehabed and being air bnb

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

Because I thought it was the right price in the right neighborhood and I was focused on cash flow

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

I found it on the MLS bought it from the listing agent

How did you finance this deal?

Paid cash

How did you add value to the deal?

Rehab fix it up forced equity

What was the outcome?

How come was I had a property manager and I was getting about a 23% return but now I Airbnb and I get a much higher return

Lessons learned? Challenges?

I wish I would have rehabbed it refinanced it rented it and repeat it