Park Place AirBnb Numero Uno

[Kiersten Olsen]

Investment Info:

Single-family residence buy & hold investment in Sigel.

Purchase price: $273,000
Cash invested: $23,000

I bought this house as an AirBnb. I can help with Air Bnb management.

https://www.airbnb.com/rooms/605156073542324149?adults=1&s=42&unique_share_id=50800605-0FFA-43E7-A56C-C9E6E69FA247&_branch_match_id=1108384783877006746&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0zKS9LLTdXP9DKOMs%2FyqzIqSQIA5E3GFRsAAAA%3D&source_impression_id=p3_1665497752_qwN3OTNnQTrbagVO

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

I wanted something I could Live in and cashflow. With Air bnb you can cashflow more than a long-term tenant and the house is better kept with the cleaners in and out every few days.

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

I found it on Zillow

How did you finance this deal?

Conventional Loan

Lessons learned? Challenges?

I would have analyzed the numbers more/better if I could go back. I break even on the mortgage which makes it challenging to pay off the furniture.

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

Yes, I worked with an agent that works mostly with investors.