Looking to increase monthly tenants

[Dw Harris]

Investment Info:

Single-family residence buy & hold investment in San Antonio.

Purchase price: $180,000
Cash invested: $5,000

We own an AIRBNB that we try to rent out every week. I want to increase sales with the AIRBNB by bringing in more tenants. Also, we own a Time-Share that we are trying to rent out every month as well. I would like to increase the tenants for both real estate ventures.

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

The secondary income was our motivator.

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

We found the deal by hearing stories from other investors.

How did you finance this deal?

We used a mortgage loan to finance the deal in conjunction with the VA lending.

How did you add value to the deal?

We added value by finding ways to get creative to save money on monthly expenses.

What was the outcome?

The outcome has been decent, but it could be better.

Lessons learned? Challenges?

The biggest lesson was patience before acting on an opportunity.

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

yes, Veterans United and PennyMac are both good lenders