Second STVR in Yosemite

[Lori Pyne]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $800,000
Cash invested: $800,000

Life goal to retire in Yosemite. Purchased with plan to live in permanently, put it as a STVR while traveling in our RV during the pandemic, and it did so well as a STVR that we decided to keep it as a rental and buy another cabin in Yosemite as our primary residence. Is a successful short-term vacation rental - Cub House in Wawona, inside of Yosemite National Park

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

Purchased as our primary residence but it did so well as a STVR that we purchased another home and kept it as a STVR

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

We worked with a real estate broker - Judy Wensloff - who let us know when the property was listed. Right-priced properties inside Yosemite move quickly.

How did you finance this deal?

Cash from the sale of primary residence

How did you add value to the deal?

Updated some of the furniture and kitchen items. Plans for additional upgrades in the future.

What was the outcome?

Successful STVR

Lessons learned? Challenges?

To be open to opportunities. We changed our plans when it proved to be a successful rental. Challenges - the usual challenge of obtaining a TOT in Mariposa.

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

Judy Wensloff has been our real estate broker for all of our Wawona properties. She is such a smart and ethical Realtor that she inspired me to become a Realtor and I joined her Yosemite Real Estate Team.