A-Frame style STR Cabin beat expectations by 50-70%

[Ryan Johnson]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $170,000
Cash invested: $50,000

AirBNB
https://www.airbnb.com/rooms/637673890839867819?check_in=2023-03-23&check_out=2023-03-30&guests=1&adults=1&s=67&unique_share_id=30a0615c-68cc-4324-b5e6-6ce18663d9e9

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

I've always wanted a cabin in the woods. Now I have a place to enjoy with family and a stellar investment. Returns have been great so far so I'm shutting it down for the winter. It's also less than 1.5 hrs. from my hometown of Grants Pass, Oregon.

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

Off-market letter campaign.

How did you finance this deal?

Investor loan

How did you add value to the deal?

We spent a month pulling carpets, refinishing wood floors, painting, and setting up furniture. Now there's a mini split and new electrical panel.

What was the outcome?

Bookings have been great.

Lessons learned? Challenges?

Remodeling takes time and its easier without kids. Letter campaigns and persistence work.

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

Ryan Johnson(me) of John L Scott in Medford. I am actively farming the neighborhood.