Saratoga Condo AirBnb

[Jon Brodie]

Investment Info:

Condo buy & hold investment.

Purchase price: $575,000
Cash invested: $115,000

3/2 AirBnb in downtown Saratoga.

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

AirBnB potential, asset appreciation.

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

Found on Realtor.com. Negotiated $25,000. off ask price.

How did you finance this deal?

10 year ARM, 2.75%, amortized over 30 years. 20% down.

How did you add value to the deal?

Painting

What was the outcome?

Exceptional Rental income.