Vacation Rental Just a little different.
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $220,000
Cash invested: $52,000
Contributors:
Rhonda Blue
Short Term Rental in the town of Sevierville. Just a little something different.
We always ask ASHLEY LANGWORTHY to do our home inspections. She does walk thru videos and lots of details.
What made you interested in investing in this type of deal?
Purchase Price and income potential
How did you find this deal and how did you negotiate it?
Found it while doing my daily search for area properties.
How did you finance this deal?
80% loan cash down payment
How did you add value to the deal?
Added hot tub and privacy fence.
What was the outcome?
It is listed and renting very very well.
Lessons learned? Challenges?
When market is extremely high it is ok to be creative in order to make good return on investment.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Ashley Langworthy with Bright Images Home Inspection
Blue Family Realty
