Short Term Rental - Texas Hill Country

[George A. Douty II]

Investment Info:

Single-family residence buy & hold investment in Canyon Lake.

Purchase price: $188,900
Cash invested: $32,000

Contributors:
Angie Douty

Short-Term/Vacation Rental Property

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

We love the area, wanted to start transitioning from LTR's to STR's.

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

Many trips to the area, searching online, my wife researching and running comps. We offered full ask because we thought the price was fair.

How did you finance this deal?

Traditional mortgage.

What was the outcome?

Currently be rented on AirBNB, going well.

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

Yes. Real Estate Agent - Angie Douty at Keller Williams.