Short Term Rental in Washington Wine Country

[Kirk Catt]

Investment Info:

Single-family residence other investment.

Purchase price: $365,000
Cash invested: $92,000

First STR under construction and will open in November 2021. There are more than 200 wineries within 50 miles of this location. Area offers several large events from sports tournaments to hydroplane races. As a research and development area, there is ample opportunity for long term corporate rentals. Finally, we have a large regional hospital and another similar facility going in within 20 minutes, so another possibility is renting to traveling nurses.

What made you interested in investing in this type of deal?

First chance to partner up with local investor on a great project.

How did you find this deal and how did you negotiate it?

I'm a licensed Realtor in Washington. Purchased New Construction.

How did you finance this deal?

Conventional Loan

How did you add value to the deal?

Equity partner with knowledge of investing and analyzing deals.