Updated almost 3 years ago on . Most recent reply
Short Term Rental Cabin
Investment Info:
Single-family residence other investment.
Purchase price: $425,000
Cash invested: $114,000
Short Term Rental cabin in East Tennessee.
What made you interested in investing in this type of deal?
I've always wanted a short term rental in East Tennessee.
How did you find this deal and how did you negotiate it?
It was an off market deal from a friend
How did you finance this deal?
Cash and some funds from a 401k.
Lessons learned? Challenges?
Short term rentals are very challenging. You have to inventory them, maybe update decor, fire a property manager, etc. Then you have to get a business license and maybe complete some differed maint.
