Vacation and Executive Room rental business

[Sherrie Malais]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000
Cash invested: $36,000

Current Executive Room Rental

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

Undervalued Housing Market

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

Personally looked for the property.

How did you finance this deal?

Conventional 15 year Loan

How did you add value to the deal?

Invested in upgrading property

What was the outcome?

Still own

Lessons learned? Challenges?

More cash flow with vacation and room rentals, however more work too.

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

Recommendations should be on what your deal is and what you need?