Burning Love Cabin

[Daniel L Maya]

Investment Info:

Other other investment.

Purchase price: $480,000
Cash invested: $125,000

Another Short Term Cabin Rental that is in a management program, where it was purchased as part of a portfolio of loans

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

Build a portfolio

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

Via the MLS

How did you finance this deal?

DSCR Loan

How did you add value to the deal?

Purchased all new furniture and refurbished the entire cabin.

What was the outcome?

Added alot of value to the Cabin

Lessons learned? Challenges?

Won't buy used because so many new cabins are available

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

Will discuss via phone of what realtor and loan officer to avoid.