Updated over 3 years ago on . Most recent reply
San Antonio Short Term Rental
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $90,000
Another Airbnb on the SW side of San Antonio.
What made you interested in investing in this type of deal?
The area and a goal to pick up another rental.
How did you find this deal and how did you negotiate it?
MLS - I gave away my commission.
How did you finance this deal?
Conventionalish. I used host financial.
What was the outcome?
Several months later it is finally listed, I expect it to do pretty well as a budget airbnb. I hope to gross 2k a month as an STR
Lessons learned? Challenges?
I bought this in July and it's been a bit of a nightmare. I had it completely furnished and was robbed the first week of owning it and they took everything, even my paper towels and thermostat off the wall. Even a sweaty branded Somos work shirt I had left on the flor. I've had to rip out the wall and replace some of the plumbing around the shower, my HVAC has broken, a few little cosmetic fixes took longer than they should. I've had some issues with insurance.