New Airbnb in Louisville, Kentucky. $100,000 in Equity

[Rob Bergeron]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $55,000
Cash invested: $5,500

Contributors:
Joe Worth

Commercially zoned airbnb in a trendy area. Converting from 1/1 to a 3/2.

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

Cash flow and equity play.

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

Make friends with everyone.

How did you finance this deal?

Hard money, 10% down with FlippinLoans.

How did you add value to the deal?

Co hosting management of airbnb, provided down payment, sourced deal.

What was the outcome?

Hopefully cashflow!

Lessons learned? Challenges?

Partner with someone smart with integrity!

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

I represented us as an agent.