Palm Springs Short Term Vacation Rental

[Chino Perez]

Investment Info:

Single-family residence buy & hold investment in Palm Springs.

Purchase price: $167,000
Cash invested: $35,000

Short term vacation rental in Palm Springs CA, this desert area is great place for all the snow birds of the Northwest to visit, Fall through the Spring. We get summer renters too!

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

I wanted to get into the short term vacation rental property game. It seemed like a no brainer to get a place and rent it out in the most popular vacation destinations in the country.

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

My real estate agent knew the seller, the property wasn’t even listed yet.

How did you finance this deal?

20% down and took a loan out on the rest

[John D.]

$167k SFR in Palm Springs? Wow that's unheard of, perhaps a condo? How are the rental numbers working out?