Triplex AirBnB in Canyon Lake TX - great appreciation area!

[Tommy Ray]

Investment Info:

Small multi-family (2-4 units) buy & hold investment.

Purchase price: $495,000

Triplex AirBnB with income that adjust seasonally. Summers much better than winter. Explosive growth of Austin and San Antonio (both within an hour) helps greatly. Value already 550K and growing.

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

Huge growth factors in this area--jobs! Also people displacing from work centers to home working

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

Realtor.com as well as had driven by it a few times

How did you finance this deal?

Cash / 1031 buy

How did you add value to the deal?

The marketing campaign aded

What was the outcome?

55K in appreciation in a few months - 7 months

Lessons learned? Challenges?

Buy in areas of surging growth and demand due to population swings post 2020 election

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

Yes I did. Angie Borras out of San Antonio TX was the broker who helped me buy as well as manages the asset