Let the GAINS BEGIN !! $125K IN EQUITY DAY 1 AND GREAT ROI

[Pete Galyon]

PREVIOUS AIR BNB PROPERTY   <--------- link to previous Air BnB we flipped

Some say that numbers are down for Air BNB and I'm here to tell you it is all in how you look at ( and structure it ). 

This, our third rental, we plan to do the BRRR method with as we have the other two that are now owned by fortunate new owners over in my other market of Blue Ridge GA. This place was bought at a sweet price of $595K and $15k in seller concessions. The comparables for the resale on this home are in the 825k - 850k range which of course, makes this guy happy :)  ITS an UGLY DUCKLING and I love ugly ones that need improvements THUS adding value when we improve the home AND increase the ROI from the monthly income standpoint as well.

AIr BNB just put out a report that in the past 2 quarters the occupancy over the top 10 major markets has been steadily going back up by 7- 9% per quarter and may be back to pre 2021 numbers by 1st quarter next year. That's promising and has me buying properties once again. 

BLACK SWAN. 

[Pete Galyon]

Quote from @Andrew Steffens:

All of my STR's are in my local market, and this is the only way I buy. Distressed and BRRR.

Sooner than later I would like to get a mountain house about 10-12 hours north.  I am a little leery as all of my workers are here, but will play it by ear when I get more serious.

Best of luck!

Hey my friend thank you for the well wishes. Same to you down there in the sandy areas. As far as having trusted resources and vendors to help.Please let me know if you want to take a stab.At doing one up here I am loaded up with all sorts of resources.