All Forum Posts by: Alexander Ryan-Bailey

@Justin Ellis, thanks! This is my first Rental Arbitrage unit. I've done Abnb before. My goal is to reach out to For Rent, pitch my air bnb model, and go from there. Typically I just pay them rent, and furnish the property. I get all profits. But for the ones who say "No", many can change their mind if your partner up and split the air bnb profits. I'm not on the lease or anything like that. If I'm leasing and getting 100% profit, they I furnish. If they want to partner up we split the furnishing or have them do it. 

To furnish it's usually 2x the amount of rent. 3x to get it real nice. 

Investment Info:

Single-family residence other investment.

Purchase price: $1,000
Cash invested: $1,000

Airbnb - Rental Arbitrage. Working on growing this. This one is a partnership with home owner. We split air bnb profits 50/50. It was for rent and we agreed to a deal.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $50,000
Cash invested: $500
Sale price: $60,000

Multiple wholesale deals.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $299,000
Cash invested: $7,000

Personal Residence / House Hack. Mortgage is covered by tenants. 4 BR / 2 BA / Finished Basement / Attached Garage. 2100 sq ft.

Will refinance in 2-3 years. and use as student housing, or air bnb.

How did you finance this deal?

FHA

How did you add value to the deal?

Redo landscaping Front / Back. Converting the garage into a room.

What was the outcome?

No mortgage pmt out of my pocket.

Lessons learned? Challenges?

Home Depot seems to be a 2nd home at times.