Historic STR in Kennesaw

[John Powell]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $200,000
Cash invested: $50,000

Small Single family Short term rental in metro Atlanta suburb of Kennesaw’s historic downtown district.

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

Location

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

MLS I bought it at the start of COVID when now one Knew what COVID's was goin to do to the house one market

How did you finance this deal?

Cash then refinanced out with a comercial loan.

How did you add value to the deal?

Setup an air bnb

What was the outcome?

Significantly higher cash flows than as a single family rental. 50%+ appreciation in 2 years.

Lessons learned? Challenges?

Historic districts can be more difficult to work within.

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

I’m the realtor I would recommend. Dough Fountain at Quantum National Bank provided commercial financing and Sierra Eberle at Host my Home manages the property.