Updated over 4 years ago on . Most recent reply
STR Tiny House in Chugiak, AK
Investment Info:
Other other investment.
Purchase price: $13,000
Cash invested: $13,000
Seasonal STR Tiny House. Only rented during the summer months. We built the cabin ourselves. It has holding tanks for water & septic and is not on a true foundation. This will allow us to take it with us when we move. It is not truly "road worthy" though.
What made you interested in investing in this type of deal?
We wanted something unique for a short-term rental. We had done a traditional duplex and wanted to up our game.
How did you find this deal and how did you negotiate it?
We built it ourselves!
How did you finance this deal?
We borrowed from a private investor for the initial building costs. Paid it off in 2 yrs just from summer income.