Vacation Rental Project

[Lakey Yin]

Investment Info:

Single-family residence buy & hold investment in Garden Grove.

Purchase price: $600,000
Cash invested: $600,000
Sale price: $710,000

3bd/2bth SFH
Design, rehab and managed as vacation rental by Lakey

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

Maximize the cash flow

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

MLS

How did you finance this deal?

30% down Stated income loan
Paid off within 1year

How did you add value to the deal?

Rehab

What was the outcome?

8% cash flow with small appreciation

Lessons learned? Challenges?

Multiple exit strategy
Be careful with city regulation