Investment Info:

Single-family residence buy & hold investment in Sevierville.

Purchase price: $439,000
Cash invested: $55,000

Contributors:
Brittany Bento-Tibbs

Cabin near the Smoky Mountain National Park in Sevierville, TN.

This property is a STR on Airbnb & VRBO, we are projecting a 50% COC.

We used The Short Term Shop for the purchase, & Movement Mortgage for finacining.

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

The cashflow that STRs provide!

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

Off-market deal on the STS private FB group.

How did you finance this deal?

second home loan, 10% down.

How did you add value to the deal?

INterior refresh with new painting and cabin signage. Also got professional pics taken and updated the Airbnb listing.

What was the outcome?

so far so good, looking at 2k/month cash flow.

Lessons learned? Challenges?

Don't be scared of OOS investing, do your due diligence and take the plunge.

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

Yes, Avery Carls Short Term Shop is great.