New STR arriving in Hot Springs Village, AR

[Cynthia McFarland]

Investment Info:

Single-family residence other investment.

Purchase price: $288,000
Cash invested: $105,000

3BR/2BA Residential Home on Golf Course, 1886 sqft. STR projected open May 2022.

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

Looking for STR property in largest gated community in the country near National Park and a community with lakes, golf courses and other attractions.

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

Real Estate Agent - Angela Banks

How did you finance this deal?

Conventional Financing

How did you add value to the deal?

Use of Airdna and self investigation for competition within Airbnb and analytical tool provided by Robuilt Host Camp.

What was the outcome?

Closed on 3/30/2022. Remodel occurring in April 2022 and opening target May 15, 2022 with Airbnb.

Lessons learned? Challenges?

Want to learn how to reduce the amount of funds to secure property - more OPM.

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

Angela Banks. She's an investor herself and often laypeople think they are competitors within the market. However, she is an excellent negotiator and strategist for her clients. She endeavors to expand your real estate portfolio as she would her own. Excellent agent.