Updated over 4 years ago on .
Cabin - Rehab and Short Term Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $71,000
Cash invested: $22,000
Bought and rehabbed a cabin to make it into an airbnb property
What made you interested in investing in this type of deal?
I really wanted to get into the airbnb game
How did you find this deal and how did you negotiate it?
I found this deal through the normal MLS. I actually went up above listing price to ensure we got it
How did you finance this deal?
Traditional mortgage
How did you add value to the deal?
Added a fire pit area, a driveway, a staircase to a loft, new floors, paint, and furniture
What was the outcome?
On airbnb and is doing great! Started on Jan 1st 2022 and is already booked through September 2022.
Lessons learned? Challenges?
Just dive into it, you will figure it all out when your in it
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Howard Hanna in South New Berlin
