From Listing Appt to Successful AirBnB Creation
Investment Info:
Single-family residence other investment.
Purchase price: $145,000
Cash invested: $30,000
Sale price: $170,000
Purchased and lightly rehabbed then professionally staged and created a very successful AirBnB that became a 5 star, super host rated AirBnB in less than 2 months and grossed well over cash invested in less than one year.
What made you interested in investing in this type of deal?
The area and wanting to share it's greatness with others.
How did you find this deal and how did you negotiate it?
Referral
How did you finance this deal?
Retirement funds
How did you add value to the deal?
Light rehab and home staging design plus creation of AirBnB
What was the outcome?
Successfully ran the AirBnB for one full year and was approached by another investor who offered a full cash turn-key offer.
Lessons learned? Challenges?
Make sure to check local government and HOA's etc. to be sure they are AirBnB friendly
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
