Single-family residence buy & hold investment in Kings Beach.
Purchase price: $175,000
Vacation Rental in Lake Tahoe, Ca.
What made you interested in investing in this type of deal?
I get to use it, and cash flow more than I would with a traditional renter.
How did you find this deal and how did you negotiate it?
MLS, yes I negotiated and bought it over 30K less than the asking price.
How did you finance this deal?
Conventional loan with a bank.
How did you add value to the deal?
I did light repairs, added a fireplace and furnished with high end furniture.
What was the outcome?
A cash flowing Airbnb!
@Kevin Merlander congrats, and good luck with it! Never been to Tahoe but I know it is hugely desirable. I'm sure if your reviews are strong and photos great, you'll do well.
@Kevin Merlander How is that vacation rental working out for you? Is your AirBNB profitable? What are the short term rental laws like in Tahoe?
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