Sneaky Bear Cabin

[Daniel L Maya]

Investment Info:

Other other investment in Carlyle.

Purchase price: $585,000
Cash invested: $150,000

This is a short term rental cabin in a monthly program that is located within the Smokey Mountain

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

The amount of people visiting Gatlinburg and Pigeon Forge every year. We visited this area often and decided to buy.

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

Through the MLS

How did you finance this deal?

DSCR loan

How did you add value to the deal?

I upgraded gaming and better linens for my customers

What was the outcome?

So far its great

Lessons learned? Challenges?

Preferred to use Wholesale Linens

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

Yes but i prefer to work with the builders and will comment further at a later time.