Single Family AirBnB property in Boise

[Devin Creek]

Investment Info:

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

Purchase price: $350,000
Cash invested: $88,000

Single family AirBnB.

https://www.airbnb.com/rooms/53530217?preview_for_ml=true&source_impression_id=p3_1644451229_4WLzot8jeXboclPZ

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

Better 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?

Converted to AirBnB unit

What was the outcome?

TBD

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

Elizabeth Campbell with Lysi Bishop Realty in Boise. Highly recommended

[Matt Osojnicki]

Definitely going in the right direction. However, there is more opportunity than this in the Boise area. I run an a short term rental company that specializes in investor returns. I have properties of my own and am currently converting a duplex into an Airbnb. 

What matters most is location and beds. As an investor, if you can compound this into denser property like a 2-4 unit it’s incredible and not something I’ve seen much of in Boise. 

If anyone wants to grab a coffee sometime I’d be glad to share what I have! There is still plenty of room for growth in the treasure valley for short term rentals. Those who do it professionally will exceed.