All Forum Posts by: Rosemarie Smith
Rosemarie Smith has started 3 posts and replied 12 times.
Post: 2nd AirBnb Property
- Posts 12
- Votes 6
Quote from @Jaycee Greene:
Quote from @Rosemarie Smith:
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $380,000
Cash invested: $22,000
This property showed great potential as an per-room Airbnb Rental. It is <15min from my primary residence and I'm working with a close friend to furnish and get it on the market within a month.
What made you interested in investing in this type of deal?
My primary residence has had great success on the Airbnb Market.
How did you find this deal and how did you negotiate it?
MLS-listed property, Realtor did all the negotiations with the seller. They even left us 4 of the 6 bedrooms, the dining room, and livingroom furnished!
How did you finance this deal?
VA Loan
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Highly recommend Tobin Seven for any property within Northern Virginia, DC, or Maryland. (Especially for military folks) He gives back 25% of his commissions to Active Duty members and negotiates very well!
Hey @Rosemarie Smith! Congrats on this deal. Are you planning to move into this property and rent out some of the rooms? I'm not a VA loan expert, but I thought they required the properties to be primary residences.
Hey Jaycee, you are correct! The VA Loan requires the homeowner live in the property so the mortgage is actually in a friends name who will be residing in the basement and I'm on the deed. Andrew was looking for opportunities to partner up on a deal, and after we walked through this home we knew this was THE ONE. I actually cohab my primary residence 15 minutes away from this property. We rent one of the rooms out to someone we vetted at a discounted rate to help maintain guest turnovers.
Post: 2nd AirBnb Property
- Posts 12
- Votes 6
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $380,000
Cash invested: $22,000
This property showed great potential as an per-room Airbnb Rental. It is <15min from my primary residence and I'm working with a close friend to furnish and get it on the market within a month.
What made you interested in investing in this type of deal?
My primary residence has had great success on the Airbnb Market.
How did you find this deal and how did you negotiate it?
MLS-listed property, Realtor did all the negotiations with the seller. They even left us 4 of the 6 bedrooms, the dining room, and livingroom furnished!
How did you finance this deal?
VA Loan
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
Highly recommend Tobin Seven for any property within Northern Virginia, DC, or Maryland. (Especially for military folks) He gives back 25% of his commissions to Active Duty members and negotiates very well!