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Updated over 3 years ago on .

User Stats

7
Posts
3
Votes
John Kromm
  • Real Estate Agent
  • Bend Oregon
3
Votes |
7
Posts

Not exactly a house hack but...

John Kromm
  • Real Estate Agent
  • Bend Oregon
Posted

Investment Info:

Single-family residence buy & hold investment in Bend.

Coming from an agent this is not in my best interest but.. If you can help it... don't ever sell real estate. Simply leverage it to get what you want.
Our first home is now an Short Term Rental that produces incredible income. We did a cash-out refi to have enough down payment for our next primary purchase and then made it a STR.

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

Wasn't planning on it but the opportunity was there for the taking and there was little keeping us from doing it. We had heard about how lucrative STRs could be from a fellow agent who had one up the street.

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

You really need a great agent AND lender to help you understand what the actual possibilities are. Some folks will only do what you tell them to, but great agents will help you by giving you more options than you even knew were possible.