Updated over 5 years ago on . Most recent reply
Tiny House build and Airbnb
Investment Info:
Other other investment in Sunriver.
Purchase price: $21,000
Sale price: $35,000
This was a tiny house build. I built a 300 sqft tiny house for my family and me to live in. After living in it for 2 years we rented the tiny house on Airbnb for about $85/night. After doing long distance Airbnb for 2 years I decided to sell it to use the money for other investments.
What made you interested in investing in this type of deal?
I built this tiny house to save money on rent and to live in for as long as we could.
How did you find this deal and how did you negotiate it?
I built this tiny house so I was in charge of how much I wanted to put into it.
How did you finance this deal?
I paid cash as I built the house which took me a year to build.
How did you add value to the deal?
After we moved out I found out I could rent it on Airbnb and make a good side income.
What was the outcome?
After renting it long distance on Airbnb for 2 years I decided to sell it in order to avoid traveling and to use the money for other things.
Lessons learned? Challenges?
I could have sold it for more if I was more patient.
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
No
