Airbnb cash flowing single family home

Real Estate Deal Analysis & Advice
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Airbnb cash flowing single family home

Jenny PerronPro Member
Real Estate Broker · Lexington, KY and California · Member since 2016 · 11 posts · 0 votes

Investment Info:

Single-family residence buy & hold investment in Nashville.

Purchase price: $155,000
Cash invested: $159,000

I offered my client 155,000 for her home that she was considering selling, she said yes. I gutted it and added new drywall, new light fixtures, new bathrooms, new paint, new kitchen, new furniture and new flooring and new windows. I then put it on airbnb to cashflow.

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

I used real estate broker Jenny Gregory Perron(me) to find me the house. I used Evan at the bank of Lexington to do the lending.. I only say this because the question Bigger Pockets ask above is "did you work with any real estate professionals or lenders?" That is who I used to get this investment property.

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  • Jenny PerronPro Member
    OP
    Real Estate Broker · Lexington, KY and California · Member since 2016 · 11 posts · 0 votes
    1y
    0Reply
  • Luka Milicevic
    Real Estate Agent · Nashville, TN · Member since 2015 · 2k+ posts · 2k+ votes
    1y

    Is this Nashville IL or Nashville TN? 

    0Reply
  • Zach Edelman
    Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    1y

    Nice deal. How's the cashflow going so far? Lexington, KY certainly an underrated STR market.

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  • Jaycee GreenePro Member
    Real Estate Consultant · St. Louis MSA · Member since 2024 · 3k+ posts · 727 votes
    1y

    Hi Jenny Gregory Perron (you)! ;-) How much total did you invest in this SFR? Did BofL do a an acquisition/rehab loan and refinance to a DSCR loan?

    Jaycee (me)

    [email protected]
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  • James WilcoxBusiness Member
    Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 603 votes
    1y
    Quote from @Zach Edelman:

    Nice deal. How's the cashflow going so far? Lexington, KY certainly an underrated STR market.

    @Zach Edelman Lexington has a decent amount of STR regulations now with more on the way. Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.

    REI James w/ eXp Realty54 Reviews
    WebsiteView Page
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  • Jenny PerronPro Member
    OP
    Real Estate Broker · Lexington, KY and California · Member since 2016 · 11 posts · 0 votes
    1y
    Quote from @Zach Edelman:

    Nice deal. How's the cashflow going so far? Lexington, KY certainly an underrated STR market.


     I'm at 11K a month on one, 4,800K a month on one and 5,500 on another and remodeling one now to be put on the market soon

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  • Jenny PerronPro Member
    OP
    Real Estate Broker · Lexington, KY and California · Member since 2016 · 11 posts · 0 votes
    1y
    Quote from @James Wilcox:
    Quote from @Zach Edelman:

    Nice deal. How's the cashflow going so far? Lexington, KY certainly an underrated STR market.

    @Zach Edelman Lexington has a decent amount of STR regulations now with more on the way. Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.


    Lexington is good if it's over 275K they go much easier on you but I personally do the surrounding areas such as the Red River Gorge which has over 600million visitors a year and no issues with STR

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