Updated about 2 years ago on .
STR Mountain Cabin
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $578,000
Cash invested: $100,000
3 Bed 2 Bath Cabin in the mountains
What made you interested in investing in this type of deal?
Airbnb and Cash on Cash returns
How did you find this deal and how did you negotiate it?
driving by, sellers were present and said the deal fell out of escrow, encouraged me to make an offer
How did you finance this deal?
20% down, conventional loan at 4.5% investment property
How did you add value to the deal?
Small upgrades, front/back decks
What was the outcome?
STR avg 4500/month
Lessons learned? Challenges?
Management of STR listing on airbnb, keeping up with competition, financial changes
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
self agent
