Blue Northern Bus- an Air BnB Rental

[Micah Paroline]

Investment Info:

Other other investment.

Purchase price: $6,000
Cash invested: $4,000

We bought a Blue Bird bus that we are renovating and will be listing on Air BnB as a short-term rental. This project was sidetracked when I was deployed in 2020 but we are back at it and hope to have the listing up for spring 2022.

Follow the progress at:
https://www.instagram.com/bluenorthernbus/

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

Low entry cost and sounded like lots of fun

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

We found the bus for sale on Facebook Marketplace. We spent a year looking for somewhere to rent land and list the bus but ended up buying a home that had the perfect space.

How did you finance this deal?

All cash

How did you add value to the deal?

I worked with a branding specialist and am adding value through the renovation.

What was the outcome?

We will see

Lessons learned? Challenges?

DC power is way different than AC Power. This project has taught me a lot about Solar, energy efficiency, thermal envelopes, and different types of insulation.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nope