Short Term Rental Investment
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $475,000
Cash invested: $79,000
Short Term Rental in the Blue Ridge Mountains of north Georgia. 4 beds / 3 baths.
What made you interested in investing in this type of deal?
Vacation community with easy access, views, amenities, popular tourist location.
How did you find this deal and how did you negotiate it?
MLS with a realtor. Multiple offers, was the backup offer.
How did you finance this deal?
Conventional loan
How did you add value to the deal?
updated furnishings and light finishes, professional photos. Found fantastic cleaners and STR owners in the area
What was the outcome?
Rents well & gets great reviews on STR 3rd party sites
Lessons learned? Challenges?
Cleaners are everything for an STR that is self managed. Find people you trust! have backup plans for when major items break.