First Condo Rental I owned

[Chace Dietrich]

Investment Info:

Condo buy & hold investment.

Purchase price: $109,000
Cash invested: $109,000
Sale price: $118,900

Used as AirBnB for a year, then as a long term rental.

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

Wanted to test out owning an AirBnb/Rental

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

Zillow and a Realtor

How did you finance this deal?

Cash

What was the outcome?

It went alright, but I didn't know much about the process.

Lessons learned? Challenges?

Have more of a plan.

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

Yes. My realtor was very helpful.