Short term rental for traveling professionals in Baltimore

[Sean Monahan]

Investment Info:

Single-family residence buy & hold investment in Baltimore.

Purchase price: $225,000
Cash invested: $5,000

STR for traveling professionals

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

Need for traveling professionals as I am one myself.

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

Agent and negotiated it down 50k

How did you finance this deal?

Private money for down payment and traditional financing for the rest.

How did you add value to the deal?

Creative with seeking out traveling professionals and getting a higher return.

What was the outcome?

Good cash flow in a greatly appreciating market.

Lessons learned? Challenges?

Challenge was finding the right cliental at first but rapidly grew with nurses after providing a good product.