Updated about 4 years ago on .
My newest Airbnb! The Johnsburg ESTATE
Investment Info:
Single-family residence buy & hold investment in Johnsburg.
Purchase price: $779,000
Cash invested: $180,000
The Johnsburg Estate- Airbnb
The Johnsburg Estate is an Airbnb property that I bought in May 2021.
We bought this property using a strategy called "Seller Financing"
Here are the terms we negotiated:
Purchase Price: $779,000
Down Payment: 12.5%
Interest Rate: 3%
We raised $180,000 from investors for this project!
We spent a little less than 2 months renovating the property:
Brand new roof
Remodeled all of the bathrooms
Added a boat Pier
Repaved the driveway
Striped a basketball court
Painted the entire interior
Furnished the Property
& much more!
Our strategy has been to rent the property as a rental, on sites like Airbnb & VRBO.
The property can sleep up to 22 guests & is available to rent !
We charge around $1,399/night in the summer & $799/night in the winter.
Stay tuned for more updates on this property: We will be adding many more features and amenities as time goes on including a hot tub, a , kayaks, and much more!
How did you finance this deal?
Private investors! We raised $180,000 from private investors
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Nope, off market deal!
