Airbnb in Augusta, GA

[Ryan Trebilcock]

Investment Info:

Townhouse buy & hold investment in Evans.

Purchase price: $119,000
Cash invested: $15,000

Single family townhome that I purchased with a VA loan. I lived in it for about a year and then turned it into an Airbnb when I left Augusta.

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

I liked the area and I liked that it was new construction.

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

I didn't negotiate.

How did you finance this deal?

VA loan

How did you add value to the deal?

I bought furniture and amenities and decorated, then listed on Airbnb

What was the outcome?

Outcome is good so far. Gross revenue is a little over $3k/ month with cashflow of about $1,200/ monthly.

Lessons learned? Challenges?

Have an on-site manager to handle minor repairs and customer complaints. I was driving 12 hours round-trip twice a month to work on things myself instead of just hiring a local property manager.

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

I worked with Veterans United on my home loan and would NOT recommend them.