DEN Outdoors Airbnb Build

[Ian Porter]

Investment Info:

Single-family residence other investment.

Purchase price: $33,500
Cash invested: $265,000

We purchased 1.75 Acres on a creek just outside of Ellijay, Ga to build a DEN Outdoors A Frame as a short term rental. The total investment will be about $265k including the land and it will be complete in Q4 2023. We project to make about $1,000 per month in average cash flow. Photos are renderings of finished product. Built by my construction company Porter Construction Group

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

I like to build unique properties and my wife and I also wanted a property in the mountains to keep for our family.

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

I found the lot through an agent and was able to get a decent deal on it offering cash and closing quickly.

How did you finance this deal?

Cash for the lot and a HELOC for the build.

What was the outcome?

In progress

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

Abigail Criteser with Ansley of Atlanta

[Ian Porter]

@Josh Bowser the property has two creeks on it actually. The larger is Conasauga creek