First Investment Property and Airbnb!!

[Isabelle Raphael]

Investment Info:

Single-family residence buy & hold investment in Atlanta.

Purchase price: $190,000
Cash invested: $25,000

I purchased this single family home and set it up as an Airbnb. I have since been helped other investors design and furnish their own Airbnbs.

Below are the steps that I followed to make this happen:

1. Choose a Popular Location
2. Familiarize Yourself with Airbnb’s Laws & Regulations
3. Decide Your Budget
4. Hire investor friendly Realtor
5. Conduct Thorough Analysis
6. Purchase the Property
7. Set Up Your Account
8. Set the Scene
9. Get Ready for the Guests

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

Cash flow and appreciation

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

I find this deal on Zillow and contact realtor in Georgia that could help me understand the location of the Atlanta market. as I’m new to the Atlanta area I didn’t know much about the market itself it was good to get a realtor that actually invest in atlanta.

How did you finance this deal?

Local credit union finance

How did you add value to the deal?

I turned it into Airbnb

Lessons learned? Challenges?

The lessons that I learned throughout this process is to do extensive research on the location on where you want to buy and make sure that the realtor that you are working with know your criteria on what you looking for so that way the process can be smoothly.

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

Yes, would highly recommend Niyi Adewole as a realtor and tracey long as a lender.