First of Many Short Term Rentals

[Austin Grant McDowell]

Investment Info:

Single-family residence buy & hold investment in Sevierville.

Purchase price: $185,000
Cash invested: $2,500

First of many Short Term Rentals. This one came out of nowhere. Invested with my brother in law on this to mitigate the risk. Now my wife and I are actively looking for number 2 in this. It has been a great experience!

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

It was an avenue I had never been down and wanted to try it out. Took a leap

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

Realtor.com and found an agent in the area.

How did you finance this deal?

Conventional Lending

How did you add value to the deal?

Paint and furnished the entire place for guests.

What was the outcome?

EXCELLENT

Lessons learned? Challenges?

Don't be afraid to try new things. You may fail but that only means you learned. This was not a fail.