The Mindset of Unsellable

An investor I know, Tim, found a property that had been on the market for about 12 years. He bought it for $1,800 and turned it into a thriving multi-unit short-term rental property in the heart of the city. The equity value is currently 244 times what Tim paid for the property. It's now valued at $440,000. In addition, as a short- term rental, the house is currently turning more than $100,000 a year in profit.