The OGF AirBnB Lake View Camper
Investment Info:
Other buy & hold investment.
Purchase price: $100,000
Cash invested: $60,000
I purchased a 1 acre lot (lake view) with only a barn. My future plan is to build a 4 bedroom barndominium. In the mean time, I have purchased a camper to AirBnB. It's only operated for the past 30 days but I brought in $1700/net.
Check it out! https://airbnb.com/h/theogf
What made you interested in investing in this type of deal?
All the other homes needed a full gut rehab, I figured with a 1 acre lot I could build whatever I wanted! Finding a property at the lake all started with how much my Mom loves being at the lake; I wanted to buy something she could also enjoy.
How did you find this deal and how did you negotiate it?
Listed; my agent.
How did you finance this deal?
HELOC
How did you add value to the deal?
Created a neat get away!
Lessons learned? Challenges?
Camper's a A LOT of work!