Successful Short Term Rental

[Kerry Johnston]

Investment Info:

Single-family residence buy & hold investment in High Point.

Purchase price: $187,500
Cash invested: $25,000

Contributors:
Ryan Johnston

3 Bedroom 2.5 bath Cape Cod style home in High Point, NC

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

This was our first investment, and my husband and I had researched the area and knew that a short term rental could do well in the area we purchased.

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

We used a local realtor who negotiated for us

How did you finance this deal?

Conventional 30 Year Loan

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

Yes - local realtor in High Point and my company (Atlantic Bay Mortgage) for the lending