First Investment- "little dipper cottage"

[Jarred S. Floyd]

Investment Info:

Single-family residence other investment.

Purchase price: $84,500
Cash invested: $12,000

str listed on airbnb- small cottage near lake and other outdoor attractions. This is my first investment, so far its doing very well.

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

I was booking an airbnb; as I was paying I had an "aha" moment. Ran the numbers on that specific str and figured it was making around $120k annually with expenses being over estimated. After that I couldn't stop analyzing deals and researching markets.

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

mls, traditionally negotiated

How did you finance this deal?

second home

How did you add value to the deal?

curb appeal and furnishings

What was the outcome?

positive cash flow