Multi use property made a great investment for these cash buyers

[Emily And Eric Erickson]

We recently helped a young, ambitious couple purchase their first long term rental property here in Tucson AZ. They impressively had all cash to invest even both were under 30 years old and they had a very clear investment goal to 1) be in real estate and 2) make more than 6% cash on cash return. 

They did both with this great deal

They bought the below property for just under $500K and it has 3 rentable spaces - the main house, a converted garage studio apartment and a separate guest house that is a 2 bedroom / 1 bath. And to top it off, it is just under 1 acre in size, so plenty of room to park their RV whenever they aren't using it AND they plan on putting the RV on Airbnb as an additional income source. 

All told, they will conservatively generate a 10% cash on cash, with the upside on how much the RV rents while protecting their nest egg 

Are you ready to invest?