Townhome rental in Dallas, Texas

[Ronald Rohde]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $265,000
Cash invested: $10,000
Sale price: $335,000

Short term rental (Airbnb) in Uptown neighborhood of Dallas, walkable score of 99, tree lined streets, weekends always full, several repeat business travelers

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

Owner occupied at first, then moved out

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

MLS, made a cash offer for significant discount and fast close

How did you finance this deal?

Cash

How did you add value to the deal?

paint, appliances, shelving

What was the outcome?

great cash flow for an active investment

Lessons learned? Challenges?

Need scale to truly develop a business and passive cash flow