All Forum Posts by: Scott Crawford

Hey Joseph, my wife and I are property managers at our Airbnb just outside Phoenix and we are house hacking our primary house basement here in Aurora. I have a couple questions for you. Would the person who would be your PM take care of everything related to your condo, or are there things you are hoping to manage yourself? What % are you looking to pay for someone to do this? What part of Denver is this in?

 Thank you, Robin!

Thank you for the recommendation of Academy Mortgage, @Grant Schroeder! I will have to check that out!

Thank you @Matt Greer! We also added the Masters golf flags too to up the feel back there a little bit as well. :) here's a before pic of that backyard area before we added the putting green in!

The second home had to be at least 50 miles away from our primary residence. Our primary is in Denver so it wasn’t an issue to have the second in Chandler. 

Thank you, Dmitriy! Hope you had a great Thanksgiving. :)

Scott

 Hey Grant! We used a 10% down second home loan through OwnUp.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $475,000
Cash invested: $100,000

https://airbnb.com/h/deserthideawayaz

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

We want to buy and hold as much as we can and we enjoy hosting guests at Airbnb's!

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

We found it via our realtor.

How did you finance this deal?

Secondary home loan 10% down

What was the outcome?

We got about $12k in credits/buying down the rate by the seller

Lessons learned? Challenges?

Great all around!

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

I recommend OwnUp for finding lenders. They saved us about $10k in fees at closing and a great rate!