Two unit AirBnB deal in Boise

[Devin Creek]

Investment Info:

Small multi-family (2-4 units) other investment.

Purchase price: $495,000
Cash invested: $115,000

Two unit AirBnB property.

https://www.airbnb.com/rooms/53510620?preview_for_ml=true

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

Better monthly cash flow in a higher priced market.

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

Mls. Conventional negotiation

How did you finance this deal?

Interest only 7 year term, 30 year am

How did you add value to the deal?

Converting to a short term rental.

What was the outcome?

TBD!!

Lessons learned? Challenges?

AirBnB profiles/listings do not transfer.

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

Elizabeth Campbell from Lysi Bishop Realty in Boise. Highly recommend.