Cabin - Rehab and Short Term Rental

[David Flores]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $71,000
Cash invested: $22,000

Bought and rehabbed a cabin to make it into an airbnb property

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

I really wanted to get into the airbnb game

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

I found this deal through the normal MLS. I actually went up above listing price to ensure we got it

How did you finance this deal?

Traditional mortgage

How did you add value to the deal?

Added a fire pit area, a driveway, a staircase to a loft, new floors, paint, and furniture

What was the outcome?

On airbnb and is doing great! Started on Jan 1st 2022 and is already booked through September 2022.

Lessons learned? Challenges?

Just dive into it, you will figure it all out when your in it

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

Howard Hanna in South New Berlin