Duplex conversion to AirBnB units

[Devin Creek]

Investment Info:

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

Purchase price: $595,000
Cash invested: $156,250

Contributors:
Eric Bilderback

Duplex. One unit is an AirBnB and one unit is a long term rental. Both will eventually be AirBnB units.

https://www.airbnb.com/rooms/54317427?preview_for_ml=true&source_impression_id=p3_1644451814_ZZndSWokrPjMGiot

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

Better cash flow in a higher priced market. One unit was fully remodeled, added furnishings to make it a turn key AirBnB unit.

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

Mls, conventional negotiation.

How did you finance this deal?

Conventional financing

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.